Diamond Reports All-Cash Bid for Bluegreen Corp. (BXG) at $6.25/Share
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Diamond Resorts Corporation today announced that it has made a proposal to the Bluegreen Corporation (NYSE: BXG) Board of Directors offering to acquire all the outstanding shares of Bluegreen common stock for $6.25 per share, representing a total equity value of approximately $197 million.
Diamond Resorts’ proposal is an all-cash offer and represents an 18 percent premium above the closing price of Bluegreen’s common stock on June 15, 2012.
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Diamond Resorts’ proposal is an all-cash offer and represents an 18 percent premium above the closing price of Bluegreen’s common stock on June 15, 2012.
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