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Stock Market & Financial Investment News

News Breaks
June 23, 2014
04:55 EDTBFCF, BFCF, BFCF, BFCFBFC Financial Corp. management to meet with FBR Capital
Meetings to be held in New York on June 23-26 hosted by FBR Capital.
News For BFCF From The Last 14 Days
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November 10, 2014
07:38 EDTBFCFBBX Capital, BFC Financial Corp. announce dismissal of merger litigation
BFC Financial Corporation (BFCF) and BBX Capital Corporation (BBX), formerly BankAtlantic Bancorp, Inc., announced the dismissal with prejudice of the In Re: BBX Capital Corporation Litigation. This litigation, a purported class action against BFC, BBX Capital and the members of BBX Capital's board, was brought challenging the fairness of the proposed merger between BFC and BBX Capital and seeking an injunction to block the transaction. The Circuit Court of the 17th Judicial Circuit for Broward County, Florida denied plaintiff's motion for class certification and dismissed the case with prejudice on November 5. Approximately 97% of the BBX Capital shareholders and 86% of the minority shareholders represented at the shareholders' meeting to approve the transaction voted in favor of the merger. The merger remains subject to certain closing conditions, including the listing of BFC's Class A Common Stock on a national securities exchange. BFC and BBX Capital do not currently anticipate that the merger will be consummated prior to 1Q15.

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