BFC Will Round Out Ownership Of Timeshare Co. Bluegreen

Law360, New York (November 14, 2011, 7:48 PM EST) -- Private equity firm BFC Financial Corp. will turn its half stake in Florida timeshare management company Bluegreen Corp. into full ownership in a merger slated for the first half of next year, the parties announced Monday.

Under the terms of the agreement, financial details of which have not been disclosed, Bluegreen shareholders will receive eight shares of BFC common stock for each Bluegreen share they hold at the time of the merger.

Fort Lauderdale-based BFC, which bills itself as a diversified holding company and holds about...
To view the full article, register now.