nuwermj
TUG Member
BBX Capital Corporation Announces Its Intent To Take Bluegreen Vacations Corporation Private Through A Short-Form Merger
"The purpose of the merger is to take Bluegreen private. While Bluegreen went public in November 2017, the anticipated benefits of becoming a public company were not fully realized and the costs and management time associated with being a public company were significant. It was anticipated that there would be sufficient liquidity in the trading of Bluegreen’s common stock, but the concentration of public holders of Bluegreen’s common stock by a few large shareholders adversely impacted the liquidity of the stock."
https://ir.bluegreenvacations.com/c...ital-corporation-announces-its-intent-to-take
"The purpose of the merger is to take Bluegreen private. While Bluegreen went public in November 2017, the anticipated benefits of becoming a public company were not fully realized and the costs and management time associated with being a public company were significant. It was anticipated that there would be sufficient liquidity in the trading of Bluegreen’s common stock, but the concentration of public holders of Bluegreen’s common stock by a few large shareholders adversely impacted the liquidity of the stock."
https://ir.bluegreenvacations.com/c...ital-corporation-announces-its-intent-to-take