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Stock Market & Financial Investment News

News Breaks
November 28, 2012
09:25 EDTBFCF, BBX, BXGBBX 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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April 23, 2014
11:22 EDTBBXBBX Capital Real Estate announces JV agreement with New Urban Communities
BBX Capital Real Estate, a division of BBX Capital Corporation, has entered into a joint venture agreement with New Urban Communities to develop the Village at Victoria Park near Fort Lauderdale, Florida. The project is a 50%-50% joint venture, with New Urban Communities, BBX Capital's joint venture partner, serving as the developer and manager. BBX Capital sold the land to the joint venture for $3.6M in cash. Development and Construction financing is being provided by Seacoast National Bank.

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