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Filed by Lennar Corporation
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Lennar Corporation
Commission File No: 001-11749
On April 3, 2000, Lennar Corporation, a Delaware corporation, and U.S. Home
Corporation, a Delaware corporation, jointly issued the following
press release:
Contact:
Bruce Gross
Chief Financial Officer
Lennar Corporation
(305) 229-6428
FOR IMMEDIATE RELEASE:
LENNAR AND U.S. HOME FIX STOCKHOLDER MEETING DATES
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MIAMI, April 3, 2000 - Lennar Corporation (NYSE: LEN) and Home Corporation
(NYSE: UH) each announced that the stockholders' meetings at which its
stockholders will vote upon Lennar's acquisition of U.S. Home will be held on
April 28, 2000.
As previously announced, Lennar and U.S. Home have agreed to a transaction in
which Lennar will acquire U.S. Home for a combination of cash and Lennar common
stock.
Lennar Corporation, founded in 1954, is headquartered in Miami, Florida. Lennar
is one of the largest homebuilders in the United States with operations in
Florida, California, Texas, Arizona and Nevada. Lennar's Financial Services
Division provides residential mortgage services, title, closing and other
ancillary services for Lennar homebuyers and other customers.
Detailed information about Lennar's acquisition of U.S. Home is contained in a
Registration Statement filed with the Securities and Exchange Commission and in
a Joint Proxy Statement/Prospectus which is included in that Registration
Statement. Other materials relating to that transaction will be filed with the
Securities and Exchange Commission. Investors are urged to read the relevant
documents filed with the Securities and Exchange Commission because they contain
important information.
Materials filed with the Securities and Exchange commission are available
electronically, without charge, at an Internet site maintained by the Securities
and Exchange Commission. The address of that site is http://www.sec.gov. In
addition, Lennar and U.S. Home are sending the Joint Proxy Statement/Prospectus
to their stockholders and will make copies available to others, without charge,
upon request.
Certain statements contained in this press release may be "forward-looking
statements" as defined in the Private Securities Litigation Reform Act of 1995.
Such statements involve risks, uncertainties and other factors that may cause
actual results to differ materially from those which are anticipated. Such
factors include, but are not limited to, changes in general economic conditions,
the market for homes generally and in areas where the Company has developments,
the availability and cost of land suitable for residential development,
materials prices, labor costs, interest rates, consumer confidence, competition,
environmental factors and government regulations affecting the Company's
operations. See the Company's Annual Report on Form 10-K for the year ended
November 30, 1999 for a further discussion of these and other risks and
uncertainties applicable to the Company's business.
Previous press releases may be obtained through fax on demand by calling
1-800-758-5804 and entering extension number 507038.
