The shares I bought on my wife’s e*trade account, I didn’t submit yesterday, and trying to submit it today, waiting on the phone :(, wondering whether I should just sell the stock and pocket the difference… the $LEN has moved up 4.5% today…
The cutoff for submission is y’day!!!. Closed the position…
on IBKR bought 4 ($30 Put and sold $30 call) for net credit of $.52, this locks in around $900 gain. Note, I have ability to sell naked calls in IBKR. If you are trying to replicate this trade. There is that risk of something going wrong with the submission 
Further details: https://finance.yahoo.com/news/lennar-announces-preliminary-results-exchange-130000260.html
Important for us (or at least me): “Stockholders who owned fewer than 100 shares of Lennar Class A common stock, or an “odd-lot,” who have validly tendered all of their shares, will not be subject to proration, in accordance with the terms of the Exchange Offer.”
Jim
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MRP shares showed up in IB accounts today.
Jim
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Yes, over weekend it was showing some fractional shares and now I see only 409. I assume the fractional are paid at some rates…
Thanks for the idea. Greatly appreciate you sharing them.
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Looks like fractional shares were settled by IBKR at $30.18, I see them as sales! Great.
You’re very welcome, Kingran!
I think we may see something similar from Western Digital, since it did a partial spinoff of Sandisk right around the time that Lennar did its spinoff (Feb 2025). That said, WDC has been on a nice run this year, so maybe they’re not interested in buying their own stocks at these prices through a split-off exchange.
Best,
Jim
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