LEN

Berkshire Paid 79.35 Dollars a Share for 595 Million of Lennar.

It Closed at 75.87

Berkshire Hathaway bought 7,502,076 Lennar shares for $595.3 million at an average of $79.35, and Lennar closed at $75.87 on October 19, 4.4 percent below it. The purchases were 43 open-market trades on 11 of the 12 sessions from September 17 to October 2, none under a 10b5-1 plan. No Berkshire Form 4 for Lennar covers a trade after October 2, though trades in the last two to three sessions could still be unfiled. The buying came as the 30-year mortgage rate rose from 6.95 percent to 7.28 percent, and the rate has since printed 7.40 percent twice. This note describes filings and prices only. It is not advice, and the data does not show why Berkshire bought or why it paused. Four Form 4 filings (accessions…