Lennar Completes Polygon Buy
Dow Jones
Lennar Corp. said Tuesday it completed the acquisition of Irvine-based home builder Polygon Communities for about $85 million.
Lennar said it paid about 50% of the $85-million purchase price with common stock. The acquisition includes an existing backlog of $70 million and about 2,000 home sites.
Lennar Corp., based in Miami, is a land and construction company.
