Lennar $LEN & CalAtlantic $CAA nearly $10B merger will create the country’s largest homebuilder

Lennar and CalAtlantic merger in nearly $10B deal will create the country’s largest homebuilder, with LTM revenues topping $17B and a market cap of roughly $18B. The new company will control 240K homesites, with 1.3K active communities in 49 markets across 21 states.