Development Corp of Americasaid its merger with Lennar Corp &lt;LEN> was completed and its
stock no longer existed.
    Development Corp of America, whose board approved the
acquisition last November for 90 mln dlrs, said the merger was
effective today and its stock now represents the right to
receive 15 dlrs a share.
    The American Stock Exchange said it would provide further
details later.
 Reuter
