BBX Capital says re-evaluating proposed merger with Bluegreen VacationsBBX Capital (BBX) announced that its approximately 90% owned subsidiary, Bluegreen Vacations (BXG), had received a formal notice from Bass Pro and Big Cedar notifying Bluegreen that Bass Pro intends to cancel Bluegreen's access to the Bass Pro marketing channels and advertising materials 30 days from the date of the notice unless Bluegreen cures certain alleged breaches to Bass Pro's satisfaction. BBX has advised Bluegreen that in light of this issue, it is re-evaluating the previously announced short form merger of its subsidiary with Bluegreen which would have taken Bluegreen private and that it may choose not to proceed with the merger. BBX  - $6.03
-0.19 (-3.05%) BXG  - $16.22
0.09 (0.56%) |