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Stock Market & Financial Investment News

News Breaks
November 28, 2012
09:25 EDTBXG, BFCF, BBXBBX Capital plans to participate in BFC's proposed acquisition of Bluegreen
BBX Capital Corporation (BBX) and BFC Financial Corporation (BFCF) announced that BBX Capital plans to participate in the funding of BFC's recently announced acquisition of Bluegreen Corporation (BXG). BFC, through its wholly-owned subsidiary, Woodbridge Holdings currently owns approximately 54% of Bluegreen's outstanding Common Stock and, as recently announced, has entered into an agreement with Bluegreen pursuant to which Bluegreen will merge with a subsidiary of Woodbridge and the shareholders of Bluegreen will receive $10 per share in cash. Upon consummation of the transaction, Bluegreen will become a direct wholly-owned subsidiary of Woodbridge. BBX Capital's board, after receipt of a recommendation of a special committee of independent directors, approved plans to provide equity of approximately $60M in cash to Woodbridge and to execute a promissory note in Woodbridge's favor in the principal amount of approximately $11.75M. In return, BBX will receive an approximate 46% common equity interest in Woodbridge.
News For BBX;BFCF;BXG From The Last 14 Days
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January 20, 2015
08:32 EDTBBXBBX Capital invests $5M in The Altman Companies
BBX Capital Real Estate, a division of BBX Capital, announced that it has invested $5M in The Altman Companies' planned multi-family development - Altis at Lakeline. Located in the northwest area of Austin, Texas, Altis at Lakeline is planned to comprise of 19, two and three story, residential apartment buildings with 354-unit apartment homes, 38 enclosed garages, and a clubhouse. Located on an approximate 23 acre parcel, the gated community will feature a mix of studio, one, two and three bedroom apartment homes with gourmet kitchens, ENERGY STAR appliances, granite counters, as well as spa-inspired baths with raised vessel sinks, marble counters and spacious linen closets.

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