GAMCO Investors Increases Stake in Lennar Corp to 5.4%

GAMCO Investors, Inc. and its affiliates have filed a Schedule 13D/A amendment, disclosing an increased ownership of 5.4% in Lennar Corp's Class B Common Stock. The filing details the acquisition of 1,720,157 shares, valued at approximately $210.25 million. The transaction was executed through various investment vehicles managed by GAMCO and its affiliates, including Gabelli Funds and MJG Associates. The filing also includes a letter from GAMCO to Lennar's Board of Directors, urging the inclusion of Class B shareholders in a proposed exchange offer involving Millrose Properties, Inc. shares. The importance of this filing is HIGH due to the significant stake acquired and the potential influence on corporate decisions.