NEW YORK, Sept. 29, 2016 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased WCI Communities Inc. ("WCI") (NYSE: WCIC) stock prior to September 22, 2016.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of WCI Communities to Lennar Corp. Under the terms of the transaction, WCI communities shareholders will receive $11.75 in cash and a fraction of a share of Lennar Class A common stock (valued at $11.75) for each share of WCI Communities stock they own, representing a value of approximately $23.50 per share. Lennar also has the option of varying the proportions of the merger consideration, including paying the entire consideration in cash. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/investor-alert-levi--korsinsky-llp-announces-an-investigation-concerning-whether-the-sale-of-wci-communities-inc-to-lennar-corp-for-2350-per-share-is-fair-to-shareholders----wcic-300336637.html
SOURCE Levi & Korsinsky, LLP