BVH

BBX Capital, Inc. Reports Financial Results For the Fourth Quarter and Full Year of 2023

Retrieved on: 
Friday, March 15, 2024
Other Consumer, Food, Beverage, Home Goods, Retail, Urban Planning, Family, Finance, Online Retail, Interior Design, Consumer, Luxury, Other Construction & Property, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Vacation, Lodging, Travel, Tax, Renin, BVH, Sale, BBX, Investment, OTCQX, PINK, Treasury, Balance sheet, Total

BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the fourth quarter and year ended December 31, 2023.
  • Selected highlights of BBX Capital’s consolidated financial results include:
    Total consolidated revenues of $96.1 million vs. $107.6 million
    Net loss attributable to shareholders of $(12.9) million vs. net income attributable to shareholders of $15.4 million
    Diluted loss per share of $(0.88) vs. diluted earnings per share of $0.99
    Year Ended December 31, 2023 Compared to the Year Ended December 31, 2022
    Total consolidated revenues of $401.3 million vs. $342.0 million
    Loss before income taxes of $(21.7) million vs. income before income taxes of $42.8 million
    Net loss attributable to shareholders of $(20.8) million vs. income attributable to shareholders of $28.0 million
    Balance Sheet as of December 31, 2023
    Securities available for sale of $44.6 million (primarily U.S. Treasury and federal agency securities with maturities of less than one year)
    Note receivable from Bluegreen Vacations Holding Corporation (NYSE: BVH) of $35.0 million (1)
    The outstanding balance of the note receivable was prepaid in full in January 2024.
  • Fully diluted book value per share is shareholders’ equity divided by the number of BBX Capital’s Class A and Class B common shares and unvested restricted stock awards outstanding on December 31, 2023.
  • For more complete and detailed information regarding BBX Capital and its financial results, business, operations, investments, and risks, including the results of BBX Capital Real Estate, BBX Sweet Holdings, and Renin, please see BBX Capital’s Annual Report on Form 10-K for the year ended December 31, 2023, which is available on the SEC's website, https://www.sec.gov , and on BBX Capital’s website, www.BBXCapital.com .

Bluegreen Vacations Holding Corporation Announces Completion of Merger

Retrieved on: 
Wednesday, January 17, 2024
Other Construction & Property, Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, Travel, HGV, OTCQX, BVH, Acquisition, Common stock

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen Vacations” or the “Company”) announced today the completion of the previously announced acquisition of Bluegreen Vacations by Hilton Grand Vacations Inc. (“HGV”) pursuant to the merger agreement entered into by the parties which resulted in Bluegreen Vacations becoming an indirect wholly-owned subsidiary of HGV.

Key Points: 
  • Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen Vacations” or the “Company”) announced today the completion of the previously announced acquisition of Bluegreen Vacations by Hilton Grand Vacations Inc. (“HGV”) pursuant to the merger agreement entered into by the parties which resulted in Bluegreen Vacations becoming an indirect wholly-owned subsidiary of HGV.
  • The merger was effected, and trading of the Company’s Class A Common Stock on the New York Stock Exchange and the Company’s Class B Common Stock on the OTCQX was suspended, prior to the opening of trading on January 17, 2024.
  • Alan B. Levan, Chairman and CEO of Bluegreen Vacations, said, “Today represents an ending as well as a beginning as the combination of Bluegreen Vacations with HGV creates a compelling vacation ownership offering.
  • This transaction is a testament to our highly talented associates who helped build Bluegreen Vacations into a leading vacation ownership company.”

ALERT: Juan Monteverde Encourages the Shareholders of AXNX, BVH, GRCL, CVLY to Take Action

Retrieved on: 
Tuesday, January 9, 2024
Monteverde, Empire, Boston Scientific, Sale, ADS, CVR, BVH, AstraZeneca, Security (finance)

Under the terms of the agreement, AXNX shareholders will receive $71.00 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, AXNX shareholders will receive $71.00 in cash per share they own.
  • Under the terms of the agreement, BVH shareholders will receive $75.00 in cash per share they own.
  • Codorus Valley Bancorp, Inc. (Nasdaq: CVLY ), relating to its proposed sale to Orrstown Financial Services, Inc.
  • Under the terms of the agreement, CVLY shareholders are expected to own approximately 44% of the outstanding shares of the combined company.

Hilton Grand Vacations Announces Pricing of Senior Secured Notes

Retrieved on: 
Thursday, January 11, 2024
Professional Services, Other Travel, Vacation, Lodging, Finance, Travel, Tourist Attractions, Risk, Annual report, Person, Hilton Grand Vacations, Result, Analysis, Sale, Tax, Offering, Regulation, HGV, BVH, Security (finance)

Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) has priced an offering of $900 million aggregate principal amount of new 6.625% senior secured notes due 2032 (the “notes”) to be issued by its wholly-owned subsidiaries, Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. (the “Offering”).

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) has priced an offering of $900 million aggregate principal amount of new 6.625% senior secured notes due 2032 (the “notes”) to be issued by its wholly-owned subsidiaries, Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. (the “Offering”).
  • To the extent the Offering closes concurrently with the Acquisition (as defined below), the notes will be issued by Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc. (together, the “surviving issuers”) instead of Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc.
  • Upon the closing of the Acquisition, Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. will merge with and into Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc., respectively, each a wholly-owned subsidiary of the Company, and, to the extent the Offering does not close concurrently with the Acquisition, the escrow proceeds will be released.
  • Upon the closing of the Acquisition, the notes will be guaranteed by Hilton Grand Vacations Inc., Hilton Grand Vacations Parent LLC, also a wholly-owned subsidiary of the Company, and certain of Hilton Grand Vacations Borrower LLC’s existing and future subsidiaries (collectively, the “guarantors”).

Hilton Grand Vacations Announces Proposed Offering of Senior Secured Notes

Retrieved on: 
Friday, January 5, 2024
Professional Services, Other Travel, Vacation, Lodging, Finance, Travel, Tourist Attractions, Regulation, Tax, Hilton Grand Vacations, Sale, Person, Result, Analysis, Risk, BVH, HGV, Security (finance), Annual report, Offering

Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) has commenced an offering of $900 million aggregate principal amount of new senior secured notes due 2032 (the “notes”) to be issued by its wholly-owned subsidiaries, Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. (the “Offering”).

Key Points: 
  • Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) has commenced an offering of $900 million aggregate principal amount of new senior secured notes due 2032 (the “notes”) to be issued by its wholly-owned subsidiaries, Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. (the “Offering”).
  • To the extent the Offering closes concurrently with the Acquisition (as defined below), the notes will be issued by Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc. (together, the “surviving issuers”) instead of Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc.
  • Upon the closing of the Acquisition, Hilton Grand Vacations Borrower Escrow, LLC and Hilton Grand Vacations Borrower Escrow, Inc. will merge with and into Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Borrower Inc., respectively, each a wholly-owned subsidiary of the Company, and, to the extent the Offering does not close concurrently with the Acquisition, the escrow proceeds will be released.
  • Upon the closing of the Acquisition, the notes will be guaranteed by Hilton Grand Vacations Inc., Hilton Grand Vacations Parent LLC, also a wholly-owned subsidiary of the Company, and certain of Hilton Grand Vacations Borrower LLC’s existing and future subsidiaries (collectively, the “guarantors”).

ALERT: Juan Monteverde Encourages the Shareholders of CPE, FGH, EAR, BVH to Take Action

Retrieved on: 
Friday, January 5, 2024
Empire, APA, CPE, Sale, Monteverde, Professional corporation, EAR, FG, FGH, BVH, Eargo, Security (finance)

Under the terms of the agreement, CPE shareholders will receive 1.0425 shares of APA per share they own.

Key Points: 
  • Under the terms of the agreement, CPE shareholders will receive 1.0425 shares of APA per share they own.
  • Under the terms of the agreement, FGH shareholders will receive one share of FG Financial common stock per share they own.
  • Under the terms of the agreement, EAR shareholders will receive $2.55 in cash per share they own.
  • Under the terms of the agreement, BVH shareholders will receive $75.00 in cash per share they own.

Dotmatics Acquires M-Star to Expand Presence in Bioprocessing and Chemicals & Materials Markets

Retrieved on: 
Thursday, January 4, 2024
Conference, Software, Research, Acquisition, Mechanical engineering, LBM, MBA, Doctor of Philosophy, Carnegie Mellon University, GPU, BVH, Growth, CFD, Mechanical, Acceleration, Algorithm, Environment, Online shopping

BOSTON, Jan. 4, 2024 /PRNewswire/ -- Dotmatics, a leader in R&D scientific software connecting science, data, and decision-making, today announced the acquisition of M-Star, a leading computational fluid dynamics (CFD) software company headquartered outside of Baltimore, Maryland. The deal marks the 13th acquisition by Dotmatics expanding its comprehensive, multimodal platform for life sciences research & development and extending its product capabilities in chemicals and materials sciences. The addition of M-Star provides additional opportunities for innovation in the bioprocessing market including the manufacturing of cell and gene therapies in life sciences R&D.

Key Points: 
  • The deal marks the 13th acquisition by Dotmatics expanding its comprehensive, multimodal platform for life sciences research & development and extending its product capabilities in chemicals and materials sciences.
  • The addition of M-Star provides additional opportunities for innovation in the bioprocessing market including the manufacturing of cell and gene therapies in life sciences R&D.
  • "M-Star is known for its differentiated CFD analysis product, featuring accelerated analysis capabilities, superior user experiences, and rapid time-to-value compared to other market solutions," said Thomas Swalla, CEO of Dotmatics.
  • To schedule a meeting with Dotmatics executives and corporate development team, please contact [email protected] .

ALERT: The M&A Class Action Firm Continues Investigating the Merger – BVH, HOLI, CERE, WAVD

Retrieved on: 
Tuesday, December 26, 2023
Empire, WAVD, Sale, Monteverde, My Little Pony, AbbVie, BVH, Security (finance)

Under the terms of the agreement, BVH shareholders will receive $75.00 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, BVH shareholders will receive $75.00 in cash per share they own.
  • It is free and there is no cost or obligation to you.
  • WaveDancer, Inc. (Nasdaq: WAVD ), relating to its proposed merger with Firefly Neuroscience, Inc.
  • Under the terms of the agreement, WAVD shareholders will own approximately 8% of the combined company.

Bluegreen Vacations Holding Corporation Announces Expiration of the HSR Waiting Period for Proposed Transaction with Hilton Grand Vacations

Retrieved on: 
Monday, December 18, 2023
Family, Other Travel, Lifestyle, Lodging, Consumer, Tourist Attractions, Destinations, Vacation, Travel, Eastern Time Zone, NYSE, BVH, HGV, Hart–Scott–Rodino Antitrust Improvements Act, Hotel, Security (finance)

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company”) announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the previously announced agreement for the Company to be acquired by Hilton Grand Vacations Inc. (NYSE:HGV) for $75.00 per share in cash.

Key Points: 
  • Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company”) announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the previously announced agreement for the Company to be acquired by Hilton Grand Vacations Inc. (NYSE:HGV) for $75.00 per share in cash.
  • The waiting period under the HSR Act expired at 11:59 p.m., Eastern Time, on December 14, 2023.
  • The expiration of the waiting period satisfies one of the closing conditions of the transaction.
  • The completion of the transaction remains subject to the satisfaction of other closing conditions specified in the merger agreement, including approval by the Company’s shareholders.

BLUEGREEN VACATIONS INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Bluegreen Vacations Holding Corporation - BVH

Retrieved on: 
Friday, December 15, 2023
Vacation, Professional Services, Lodging, Legal, Travel, Sale, NYSE, BVH, HGV, KSF, Blue-green

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Bluegreen Vacations Holding Corporation (NYSE: BVH) to Hilton Grand Vacations Inc. (NYSE: HGV).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Bluegreen Vacations Holding Corporation (NYSE: BVH) to Hilton Grand Vacations Inc. (NYSE: HGV).
  • Under the terms of the proposed transaction, shareholders of Bluegreen will receive $75.00 in cash for each share of Bluegreen that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .