Lennar Agrees to Buy WCI Communities for About $643 Million

  • Deal would expand Lennar’s homebuilding operations in Florida
  • WCI stock jumps 40%, surpassing $23.50-per-share offer price

Lennar Corp., the second biggest U.S. homebuilder, agreed to buy WCI Communities Inc. in a deal that values the Florida real estate company at about $643 million and expands Lennar’s operations in the state.

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