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Lennar Corporation Message Board

  • roosterly9 roosterly9 Nov 4, 2010 11:27 AM Flag

    Bond offer good deal for shareholders

    The little unnoticed clause is that Lenar will havev the choice of conversion either in cash os stock or stock and cash; what that means is that, if stock does better than conversion price, then company will convert with cash, and no dilution. This perhaps helps them to sell the bonds at lower rate for now and help them with cash flow.

    Rooster

 
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