trending Market Intelligence /marketintelligence/en/news-insights/trending/G9HKxbblUAh1paJ4IsRxiQ2 content esgSubNav
In This List

Lennar investor proposes common share conversion right for stockholders

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Lennar investor proposes common share conversion right for stockholders

Lennar Corp. shareholder GAMCO Asset Management Inc. is proposing that the company's class B common stockholders be granted the right to convert their shares into class A common shares at any time.

GAMCO, which disclosed a 5.97% stake in Lennar in an Aug. 2 ownership filing, called on the board to take measures to implement the proposal that it planned to submit for the company's 2018 annual shareholder meeting.

GAMCO is making the proposal on behalf of investment advisory clients and related parties owning 3.4 million shares of Lennar's class B common stock, according to the filing.