been off on a fishing trip all week and only have been checking in at night..........anyway you posted this the other day that with the BXG deal done BBX should have a book value of $27.67 and BFCF would be around $5.56. So wouldn't the offer of 5.39 shares to one be actually above BBX book value? (NBV of 5.56*5.39=$29.97)
going a little different direction now (had a beer and trying to wrap my mind around this)
roughly speaking about half of BFCF book value is from its current ownership in BBX, the other half in Woodbridge (BXG)........by acquiring the other half of BBX and Woodbridge wouldn't that double BFCF NBV to over $11 a share in theory?