Lennar launches exchange offer of millrose stock for lennar stock

Miami , oct. 10, 2025 /prnewswire/ -- lennar corporation (nyse: len and len.b) ("lennar"), one of the nation's leading homebuilders, announced today its offer to exchange the approximately 20% it owns of the total outstanding shares of millrose properties, inc. (nyse: mrp) ("millrose") for outstanding shares of lennar class a common stock (the "exchange offer"). in february 2025, lennar completed the spin-off of millrose through a distribution of approximately 80% of millrose's stock to lennar stockholders.
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