Company: LEN
Filing Date: 2025-11-17
Form Type: SC TO-I/A
Source: 0001193125-25-284746
Chunk: 1

Company: LENNAR CORP /NEW/
Filing Date: 2025-11-17
Form: SC TO-I/A
Chunk 1
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 Lennar with the SEC on November 3, 2025, Amendment No. 3 thereto filed by Lennar with the SEC on November 5, 2025 and Amendment No. 4 thereto
filed by Lennar with the SEC on November 10, 2025. This Amendment relates to the offer by Lennar to exchange up to an aggregate of 33,298,764 shares of Class A common stock of Millrose Properties, Inc., a Maryland corporation
(“Millrose”), par value $0.01 per share (“Millrose Class A Common Stock”), for outstanding shares of Class A common stock of Lennar, par value $0.10 per share (“Lennar Class A Common Stock”), upon
the terms and subject to the conditions set forth in the Prospectus, dated October 24, 2025 (the “Prospectus”) that forms a part of the Registration Statement (as defined below), the Letter of Transmittal and the Instruction Booklet
to the Letter of Transmittal, copies of which are attached hereto as Exhibits (a)(1)(i), (a)(1)(ii) and (a)(1)(iii), respectively (which, together with any amendments or supplements thereto, collectively constitute the “Exchange Offer”).
In connection with the Exchange Offer, Millrose has filed with the SEC under the Securities Act of 1933, as amended, a registration statement on Form S-4 (Registration
No. 333-290810) (as amended through the date hereof, the “Registration Statement”) to register shares of Millrose Class A Common Stock offered in exchange for shares of Lennar
Class A Common Stock tendered in the Exchange Offer.

As permitted by General Instruction F to Schedule TO, the information set forth
in the Letter of Transmittal, the Instruction Booklet to the Letter of Transmittal and the Prospectus, copies of which are attached hereto as Exhibits (a)(1)(ii), (a)(1)(iii) and (a)(4)(xxviii), respectively, is hereby expressly incorporated by
reference in response to all the items of this Amendment, except as otherwise set forth below.

The Exchange Offer, as extended, was
previously scheduled to expire at 12:00 midnight, New York City time, on November 14, 2025, unless further extended or terminated. On November 7, 2025,