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Bluegreen Corp. Message Board

  • ttullio3 ttullio3 Mar 26, 2013 10:05 AM Flag

    From BXG's Feb. SEC Filing...

    "Notice is hereby given that a special meeting of shareholders of Bluegreen Corporation (“Bluegreen”) will be held at The Westin Fort Lauderdale, 400 Corporate Drive, Fort Lauderdale, Florida 33334 on March 28 , 2013 commencing at 10:00 a.m. , local time, for the following purposes:

    1. To consider and vote upon a proposal to approve the Agreement and Plan of Merger, dated as of November 14, 2012, by and among Bluegreen and BFC Financial Corporation (“BFC”), Woodbridge Holdings, LLC (“Woodbridge”), a wholly-owned subsidiary of BFC, and BXG Florida Corporation (“Merger Sub”), a wholly-owned subsidiary of Woodbridge, pursuant to which Merger Sub will merge with and into Bluegreen, with Bluegreen continuing as the surviving corporation of the merger and a wholly-owned subsidiary of Woodbridge. Under the terms of the merger agreement, each outstanding share of Bluegreen’s Common Stock (other than shares of Bluegreen’s Common Stock held directly or indirectly by BFC and shares owned by holders who exercise and perfect their appraisal rights in accordance with Massachusetts law) will be converted into the right to receive $10.00 in cash, without interest thereon and less any applicable withholding taxes."

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