B F C Financial Cp B (BFCFB) 3.5100 $BFCFB
Bluegreen Vacations Expands Alliance With Choice Hotels' Ascend Hotel Collection
Marketwired - Wed Jul 01, 7:30AM CDT
Bluegreen Corporation ("Bluegreen Vacations" or "Bluegreen"
, today announced that Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, has added six new Bluegreen Vacation Club® Resorts to its rapidly growing upscale Ascend Hotel Collection brand. The addition of these resorts brings the total number of Bluegreen Vacation properties integrated into the Ascend Hotel Collection to 28, making Bluegreen the Ascend Hotel Collection membership program its largest franchise partner. The six new resort properties are located in the highly desirable travel destinations of Big Bear, California; Orlando, Florida; Aspen, Colorado; Myrtle Beach, North Carolina, and two locations in Williamsburg, Virginia.
CHH: 55.09 (+1.06), BBX: 16.01 (-0.03)
BFC Financial Corporation and BBX Capital Corporation Announce Settlement of Bluegreen Corporation Shareholder Litigation
Marketwired - Thu Jun 11, 3:30PM CDT
BFC Financial Corporation ("BFC" or the "Company" (OTCQB: BFCF) (OTCQB: BFCFB) and BBX Capital Corporation (NYSE: BBX) announced the settlement of litigation brought against Bluegreen Corporation ("Bluegreen", the directors of Bluegreen, BFC, Woodbridge Holdings, LLC ("Woodbridge", certain directors and officers of BFC and others in the action In re: Bluegreen Corporation Shareholder Litigation (the "Settlement". BFC and BBX Capital own 54% and 46% of Woodbridge, respectively, and Woodbridge owns 100% of Bluegreen as a consequence of the April 2013 merger of Bluegreen into a subsidiary of Woodbridge. The lawsuit, first filed in November, 2011, challenged the terms of the merger pursuant to which Bluegreen's shareholders were paid $10 per share and sought the "fair value" of the shares on behalf of the minority Bluegreen shareholders. Pursuant to the Settlement, Woodbridge or its affiliates will pay $36.5 million which amounts to approximately $2.50 per share into a gross "Settlement Fund" for the benefit of former Bluegreen shareholders whose shares were acquired in connection with the merger (the "Class".
BBX: 16.01 (-0.03)
BBX Capital Real Estate Completes the Sale of Its North Flagler Properties in West Palm Beach, Florida
Marketwired - Mon May 18, 7:02AM CDT
BBX Capital Real Estate, a division of BBX Capital Corporation ("BBX Capital," "BBX," and/or the "Company" (NYSE: BBX) announced today that it had completed its previously announced sale of two properties located in West Palm Beach, Florida (the "North Flagler properties" to a third party on May 15, 2015.
BBX: 16.01 (-0.03)
BFC Financial Corporation Reports Financial Results for the First Quarter, 2015
Marketwired - Mon May 11, 7:02AM CDT
BFC Financial Corporation ("BFC" or the "Company" (OTCQB: BFCF) (OTCQB: BFCFB) reported financial results for the three month period ended March 31, 2015.
BBX: 16.01 (-0.03)
BBX Capital Corporation Reports Financial Results for the First Quarter, 2015
Marketwired - Mon May 11, 7:02AM CDT
BBX Capital Corporation ("BBX Capital," and/or the "Company" (NYSE: BBX) reported financial results for the three months ended March 31, 2015.
BBX: 16.01 (-0.03)
BBX Capital Corporation Takes Ownership of Florida Asset Resolution Group
Marketwired - Thu May 07, 7:01AM CDT
BBX Capital Corporation ("BBX Capital," "BBX," and/or the "Company" (NYSE: BBX) announced today that it has paid the remaining balance of $6.1 million to BB&T Corporation ("BB&T", on the original $285 million preferred interest in the Florida Asset Resolution Group ("FAR" held by BB&T. As a result, BBX Capital is now the sole owner of FAR which held approximately $94.8 million of assets at March 31, 2015.
BBT: 40.70 (+0.52), BBX: 16.01 (-0.03)
BFC Financial Corporation Successfully Completes Tender Offer for Shares of BBX Capital Corporation's Class A Common Stock
Marketwired - Thu Apr 30, 7:30AM CDT
BFC Financial Corporation ("BFC" (OTCQB: BFCF) (OTCQB: BFCFB) announced today that it has successfully completed its tender offer to purchase 4,771,221 shares of Class A Common Stock of BBX Capital Corporation ("BBX Capital" (NYSE: BBX) at a cash purchase price of $20.00 per share, net to the seller in cash (less any applicable withholding taxes and without interest). The tender offer, which commenced on March 20, 2015, expired at 5:00 p.m., New York City time, on April 24, 2015.
BBX: 16.01 (-0.03)
BFC Financial Corporation Announces Preliminary Results of Its Tender Offer for Shares of BBX Capital Corporation's Class A Common Stock
Marketwired - Mon Apr 27, 8:13AM CDT
BFC Financial Corporation ("BFC" (OTCQB: BFCF) announced today the preliminary results of its tender offer to purchase up to 4,771,221 shares of Class A Common Stock of BBX Capital Corporation ("BBX Capital" at a cash purchase price of $20.00 per share. The tender offer expired at 5:00 p.m., New York City time, on Friday, April 24, 2015.
BBX: 16.01 (-0.03)
BBX Capital Corporation Contracts to Sell Its Interests in North Flagler Property in West Palm Beach, Florida
Marketwired - Tue Apr 21, 3:11PM CDT
BBX Capital Real Estate, a division of BBX Capital Corporation ("BBX Capital," "BBX," and/or the "Company" (NYSE: BBX) announced today that a third party purchaser has entered into contracts to purchase two North Flagler properties located in West Palm Beach, Florida.
BBX: 16.01 (-0.03)
BFC Financial Corporation Announces Agreement for $80 Million Loan to Finance BBX Capital Corporation Tender Offer
Marketwired - Fri Apr 17, 3:11PM CDT
BFC Financial Corporation ("BFC" (OTCQB: BFCF) announced today that it has entered into a Loan Agreement and Promissory Note pursuant to which a wholly owned subsidiary of Bluegreen Corporation ("Bluegreen" has agreed to provide an $80 million loan to BFC which may be used to fund BFC's previously announced tender offer to purchase up to 4,771,221 shares of Class A Common Stock of BBX Capital Corporation ("BBX Capital" at a cash purchase price of $20.00 per share. Amounts outstanding on the loan will bear interest at a rate of 10% per annum. Payments of interest only will be required on a quarterly basis, with all outstanding amounts being due and payable at the end of five years. BFC will be permitted to prepay the loan in whole or in part at any time, and prepayments will be required, to the extent necessary, in order for Bluegreen or its subsidiaries to remain in compliance with covenants under their outstanding indebtedness. BFC and BBX Capital own 54% and 46%, respectively, of Woodbridge Holdings, LLC, which owns 100% of Bluegreen.
BBX: 16.01 (-0.03)
Bluegreen Vacations Expands Alliance With Choice Hotels' Ascend Hotel Collection
Marketwired - Wed Jul 01, 7:30AM CDT
Bluegreen Corporation ("Bluegreen Vacations" or "Bluegreen"
, today announced that Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, has added six new Bluegreen Vacation Club® Resorts to its rapidly growing upscale Ascend Hotel Collection brand. The addition of these resorts brings the total number of Bluegreen Vacation properties integrated into the Ascend Hotel Collection to 28, making Bluegreen the Ascend Hotel Collection membership program its largest franchise partner. The six new resort properties are located in the highly desirable travel destinations of Big Bear, California; Orlando, Florida; Aspen, Colorado; Myrtle Beach, North Carolina, and two locations in Williamsburg, Virginia. CHH: 55.09 (+1.06), BBX: 16.01 (-0.03)
BFC Financial Corporation and BBX Capital Corporation Announce Settlement of Bluegreen Corporation Shareholder Litigation
Marketwired - Thu Jun 11, 3:30PM CDT
BFC Financial Corporation ("BFC" or the "Company"
(OTCQB: BFCF) (OTCQB: BFCFB) and BBX Capital Corporation (NYSE: BBX) announced the settlement of litigation brought against Bluegreen Corporation ("Bluegreen", the directors of Bluegreen, BFC, Woodbridge Holdings, LLC ("Woodbridge", certain directors and officers of BFC and others in the action In re: Bluegreen Corporation Shareholder Litigation (the "Settlement". BFC and BBX Capital own 54% and 46% of Woodbridge, respectively, and Woodbridge owns 100% of Bluegreen as a consequence of the April 2013 merger of Bluegreen into a subsidiary of Woodbridge. The lawsuit, first filed in November, 2011, challenged the terms of the merger pursuant to which Bluegreen's shareholders were paid $10 per share and sought the "fair value" of the shares on behalf of the minority Bluegreen shareholders. Pursuant to the Settlement, Woodbridge or its affiliates will pay $36.5 million which amounts to approximately $2.50 per share into a gross "Settlement Fund" for the benefit of former Bluegreen shareholders whose shares were acquired in connection with the merger (the "Class". BBX: 16.01 (-0.03)
BBX Capital Real Estate Completes the Sale of Its North Flagler Properties in West Palm Beach, Florida
Marketwired - Mon May 18, 7:02AM CDT
BBX Capital Real Estate, a division of BBX Capital Corporation ("BBX Capital," "BBX," and/or the "Company"
(NYSE: BBX) announced today that it had completed its previously announced sale of two properties located in West Palm Beach, Florida (the "North Flagler properties" to a third party on May 15, 2015. BBX: 16.01 (-0.03)
BFC Financial Corporation Reports Financial Results for the First Quarter, 2015
Marketwired - Mon May 11, 7:02AM CDT
BFC Financial Corporation ("BFC" or the "Company"
(OTCQB: BFCF) (OTCQB: BFCFB) reported financial results for the three month period ended March 31, 2015. BBX: 16.01 (-0.03)
BBX Capital Corporation Reports Financial Results for the First Quarter, 2015
Marketwired - Mon May 11, 7:02AM CDT
BBX Capital Corporation ("BBX Capital," and/or the "Company"
(NYSE: BBX) reported financial results for the three months ended March 31, 2015. BBX: 16.01 (-0.03)
BBX Capital Corporation Takes Ownership of Florida Asset Resolution Group
Marketwired - Thu May 07, 7:01AM CDT
BBX Capital Corporation ("BBX Capital," "BBX," and/or the "Company"
(NYSE: BBX) announced today that it has paid the remaining balance of $6.1 million to BB&T Corporation ("BB&T", on the original $285 million preferred interest in the Florida Asset Resolution Group ("FAR" held by BB&T. As a result, BBX Capital is now the sole owner of FAR which held approximately $94.8 million of assets at March 31, 2015. BBT: 40.70 (+0.52), BBX: 16.01 (-0.03)
BFC Financial Corporation Successfully Completes Tender Offer for Shares of BBX Capital Corporation's Class A Common Stock
Marketwired - Thu Apr 30, 7:30AM CDT
BFC Financial Corporation ("BFC"
(OTCQB: BFCF) (OTCQB: BFCFB) announced today that it has successfully completed its tender offer to purchase 4,771,221 shares of Class A Common Stock of BBX Capital Corporation ("BBX Capital" (NYSE: BBX) at a cash purchase price of $20.00 per share, net to the seller in cash (less any applicable withholding taxes and without interest). The tender offer, which commenced on March 20, 2015, expired at 5:00 p.m., New York City time, on April 24, 2015. BBX: 16.01 (-0.03)
BFC Financial Corporation Announces Preliminary Results of Its Tender Offer for Shares of BBX Capital Corporation's Class A Common Stock
Marketwired - Mon Apr 27, 8:13AM CDT
BFC Financial Corporation ("BFC"
(OTCQB: BFCF) announced today the preliminary results of its tender offer to purchase up to 4,771,221 shares of Class A Common Stock of BBX Capital Corporation ("BBX Capital" at a cash purchase price of $20.00 per share. The tender offer expired at 5:00 p.m., New York City time, on Friday, April 24, 2015. BBX: 16.01 (-0.03)
BBX Capital Corporation Contracts to Sell Its Interests in North Flagler Property in West Palm Beach, Florida
Marketwired - Tue Apr 21, 3:11PM CDT
BBX Capital Real Estate, a division of BBX Capital Corporation ("BBX Capital," "BBX," and/or the "Company"
(NYSE: BBX) announced today that a third party purchaser has entered into contracts to purchase two North Flagler properties located in West Palm Beach, Florida. BBX: 16.01 (-0.03)
BFC Financial Corporation Announces Agreement for $80 Million Loan to Finance BBX Capital Corporation Tender Offer
Marketwired - Fri Apr 17, 3:11PM CDT
BFC Financial Corporation ("BFC"
(OTCQB: BFCF) announced today that it has entered into a Loan Agreement and Promissory Note pursuant to which a wholly owned subsidiary of Bluegreen Corporation ("Bluegreen" has agreed to provide an $80 million loan to BFC which may be used to fund BFC's previously announced tender offer to purchase up to 4,771,221 shares of Class A Common Stock of BBX Capital Corporation ("BBX Capital" at a cash purchase price of $20.00 per share. Amounts outstanding on the loan will bear interest at a rate of 10% per annum. Payments of interest only will be required on a quarterly basis, with all outstanding amounts being due and payable at the end of five years. BFC will be permitted to prepay the loan in whole or in part at any time, and prepayments will be required, to the extent necessary, in order for Bluegreen or its subsidiaries to remain in compliance with covenants under their outstanding indebtedness. BFC and BBX Capital own 54% and 46%, respectively, of Woodbridge Holdings, LLC, which owns 100% of Bluegreen. BBX: 16.01 (-0.03)
