WCI Communties being raided

WCI Communities owns Lost Key on Perdido Key. Some wanted WCI to bid on the Trillium property as an alternative to Studer-Fetterman-Cavanaugh proposal.
According to Sun-Sentinel

Billionaire investor activist Carl Icahn is making another attempt to buy Florida luxury homebuilder WCI Communities Inc., the company said Wednesday.

One of Icahn’s affiliates entered into the bidding process just six weeks after WCI shareholders rejected his unsolicited $22 per share offer, which had an implied purchase price of about $921 million. The company has since put itself up for auction.

Read: Icahn