• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

HGV Adopts One-Year Shareholder Rights Plan

GT75

TUG Review Crew: Veteran
Moderator
Joined
May 30, 2016
Messages
4,490
Reaction score
2,980
Points
598
Location
Gig City in Tennessee
Resorts Owned
Legacy HGVC
FAVC-Cabo

tombanjo

TUG Member
Joined
Aug 18, 2018
Messages
1,597
Reaction score
2,798
Points
324
Resorts Owned
HCNY
Basically - since the share value has significantly decreased, it puts an obstacle in the path of someone buying up a large number of shares to take control. It does not prevent a take over, but means that just buying up a large number of undervalued shares will not let a groups take control.
 

CalGalTraveler

TUG Review Crew: Veteran
TUG Member
Joined
Dec 21, 2014
Messages
9,961
Reaction score
8,485
Points
498
Location
California
Resorts Owned
HGVC, MVC Vistana
Is this the same as a poison pill provision to prevent hostile takeover?
 

tombanjo

TUG Member
Joined
Aug 18, 2018
Messages
1,597
Reaction score
2,798
Points
324
Resorts Owned
HCNY
Basically , yes, if someone buys 10-20% of the stock, the remaining stock owners have the ability to buy more stock at "half price" and the 10-20% owner cannot.
 

CalGalTraveler

TUG Review Crew: Veteran
TUG Member
Joined
Dec 21, 2014
Messages
9,961
Reaction score
8,485
Points
498
Location
California
Resorts Owned
HGVC, MVC Vistana
Thanks. So this is a good thing because it prevents Apollo/Diamond from attempting a hostile takeover. They may still go forward but must be with the consent of the board and shareholders.
 

giowop

TUG Member
Joined
Jan 11, 2019
Messages
205
Reaction score
164
Points
154
Location
Glen Carbon, IL
Resorts Owned
HGVC on the Boulevard
And to review, is there anyone that thinks an Apollo takeover will benefit HGV?

I’m assuming that answer is still a resounding NO?


Sent from my iPhone using Tapatalk
 

dayooper

TUG Review Crew
TUG Member
Joined
Apr 14, 2018
Messages
4,004
Reaction score
3,467
Points
349
Location
The Land of Ice and Snow
Resorts Owned
HGVC: The Flamingo, The Boulevard
And to review, is there anyone that thinks an Apollo takeover will benefit HGV?

I’m assuming that answer is still a resounding NO?


Sent from my iPhone using Tapatalk

In the words of Uncle Buck:

<iframe src="https://giphy.com/embed/yBXuEb8lC1mqA" width="480" height="255" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="
">via GIPHY</a></p>
 

tombanjo

TUG Member
Joined
Aug 18, 2018
Messages
1,597
Reaction score
2,798
Points
324
Resorts Owned
HCNY
They will have their own problems and might not want HGVC's issues on top of theirs.
 

Tamaradarann

TUG Review Crew: Expert
TUG Member
Joined
Aug 20, 2006
Messages
3,432
Reaction score
1,361
Points
548
Location
Honolulu, HI
Resorts Owned
HGVC Las Vegas, HGVC Las Vegas on the Strip, HGVC Sea World, Misner Place
They will have their own problems and might not want HGVC's issues on top of theirs.

It view of the travel situation in the world the last thing I'd want to buy would be a travel related company unless the price was really low.
 

brp

TUG Member
Joined
Oct 23, 2007
Messages
4,070
Reaction score
2,317
Points
598
Location
Bay Area, CA
Resorts Owned
HGVC: W. 57th, Vegas Strip
DVC: Boardwalk Villas, Beach Club villas
It view of the travel situation in the world the last thing I'd want to buy would be a travel related company unless the price was really low.

Or, unless the price was low enough (even if not really low) and you understood that this will pass.

Cheers.
 

ocdb8r

TUG Member
Joined
Jan 10, 2008
Messages
1,561
Reaction score
789
Points
473
They will have their own problems and might not want HGVC's issues on top of theirs.
It view of the travel situation in the world the last thing I'd want to buy would be a travel related company unless the price was really low.

Apollo was on CNBC last week, and while they indicated they were being cautious and protecting their existing investments, they also said they have "a lot of dry powder" (a.k.a. cash on hand) that they would like to deploy opportunistically. They also cited leisure of one of the key areas they are looking toward. Given their interest prior to the pandemic, I have no doubt they continue to have interest in HGVC. As far as the travel industry, timeshares will be one of the first to bounce back.

A short synopsis is here: https://www.cnbc.com/2020/04/13/leo...own-us-the-benefit-of-apollos-strategies.html
 
Top