BFC Financial Corporation is a diversified holding company that invests in and acquires private and public companies in different industries. BFC's ownership interests spans a variety of business sectors, including consumer and commercial banking; brokerage and investment banking services;... More
Thursday, Nov 152012, 3:18 PMBFC 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. |Thursday, Nov 152012, 3:18 PM| Comment!