Bluegreen Vacations Corporation and BBX Capital Corporation Announce Exercise of Underwriters’ Option to Purchase Additional Shares [Canadian Business Journal (Canada)]
BLUEGREEN VACATIONS CORP (BXG)
Last bluegreen vacations corp earnings: 3/9 04:05 pm
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Source: Canadian Business Journal
Bluegreen Vacations Corporation and BBX Capital Corporation Announce Exercise of Underwriters’ Option to Purchase Additional Shares BOCA RATON, FL and FORT LAUDERDALE, FL –(Marketwired – December 05, 2017) – Bluegreen Vacations Corporation (NYSE: BXG) (“Bluegreen Vacations”) and its parent company, BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”), jointly announced today that the underwriters of the previously announced initial public offering of Bluegreen Vacations’ common stock have fully exercised their option to purchase an additional 974,797 shares of Bluegreen Vacations’ common stock from BBX Capital, as selling shareholder. Pursuant to the terms of the underwriting agreement, the underwriters purchased the additional shares at the public offering price of $14.00 per share, less underwriting discounts and commissions, resulting in additional net proceeds to BBX Capital of approximately $12.7 million. After giving effect to the full exercise of the under
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