Company: LEN
Filing Date: 2025-11-03
Form Type: SC TO-I/A
Source: 0001193125-25-262552
Chunk: 1

Company: LENNAR CORP /NEW/
Filing Date: 2025-11-03
Form: SC TO-I/A
Chunk 1
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ar 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)(xi), 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 was previously scheduled to expire at 12:00 midnight, New York City time, on
November 7, 2025, unless extended or terminated. On October 31, 2025, Lennar issued a press release, attached hereto as Exhibit (a)(4)(xiii) announcing that as a result of the ongoing U.S. federal government shutdown, it is extending the
expiration of the Exchange Offer. As a result, the Exchange Offer will now expire at 12:00 midnight, New York City time, on November 14, 2025, unless further extended or terminated