BFC Financial Corp.A(BFCF)- OTCQB
  • Nov. 15, 2012, 3:18 PM

    BFC Financial (BFCF.PK +18.4%) agrees to acquire resorts management company Bluegreen Corp. (BXG +56.2%) for ~$150M in cash. Terminating a prior all-stock offer, BFC will pay $10 per BXG share in the new deal, which tops a rejected $6.50/share cash offer from Diamond Resorts.

    | Nov. 15, 2012, 3:18 PM
  • Nov. 14, 2011, 2:58 PM

    Shares of Bluegreen Corp. (BXG) soar over 43% after announcing it's agreed to an all-stock merger with BFC Financial, a diversified holding company based in Ft. Lauderdale, Florida. The timeshare and residential community manager will become a wholly-owned subsidiary of BFC once the deal is finalized.

    | Nov. 14, 2011, 2:58 PM