Press Release September 23, 2016

WCI Communities Announces Merger Agreement with Lennar Corp. Valued at Approximately $809 Million

Alston & Bird acted as counsel to Credit Suisse, financial advisor to WCI Communities Inc., in connection with WCI’s proposed merger with Lennar Corp. in a cash and stock transaction valued at approximately $809 million.

Under the deal, which is subject to approval by WCI stockholders, Lennar will pay cash and stock valued at $23.50 per share for WCI.

This is the third major transaction this month in which Alston & Bird advised Credit Suisse. The firm previously advised Credit Suisse as lead financial advisor to Isle of Capri Casinos, Inc., in connection with Isle of Capri’s proposed merger with Eldorado Resorts, Inc., and Enbridge Inc. in connection with Enbridge’s proposed merger with Spectra Energy Corp.

Advising Credit Suisse on all three transactions are partners Kevin Miller and Aaron Dixon (Corporate & Business Transactions).
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