BXG, Bluegreen Corporation

BFC Financial Corporation and BXG reported that they have entered into a definitive agreement pursuant to which Bluegreen will be acquired in a cash transaction. BFC, through its wholly-owned subsidiary, Woodbridge Holdings, currently owns approximately 54% of BXG's outstanding Common Stock. Under the terms of the agreement, Woodbridge will acquire the remaining approximate 46% of BXG's outstanding Common Stock for $10.00 per share in cash (approximately $150 million) in a merger between a wholly-owned subsidiary and BXG. Once the transaction is completed, BXG will become a direct wholly-owned subsidiary of Woodbridge. BXG is a leading timeshare sales, marketing and resort management company. More about BXG at https://www.bluegreencorp.com.

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https://bestotc.com/20566/stock-alerts/bfc-financial-to-acquire-bluegreen-bxg-in-a-cash-transaction/