Is bluegreen now part of diamond resorts?

[bfdretired Member Find all posts View Profile Close bfdretired]

while viewing yahoo groups...it seems as if B/G is now part of diamond resorts....is this true or is the deal still pending? and what is guesstimate of when it may take place??? thanks john

[Spence Super Moderator Find all posts View Profile Close Spence]

while viewing yahoo groups...it seems as if B/G is now part of diamond resorts....is this true or is the deal still pending? and what is guesstimate of when it may take place??? thanks john

Still pending, my recollection is that their agreement gives DRI until 15Sep to decide, then who knows what the timeline is...

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Bluegreen announced a non-binding letter of intent to sell to DRI. We should know more by Sept 15 when the exclusive period for negotiating ends.

At that time, one of three things will probably be announced.

1) A definitive agreement for DRI to acquire Bluegreen
2) The deal is off since companies couldn't come to terms
3) An extension of the due diligence period.

Before the announcement, Bluegreen shares were trading around $6/share. The deal was announced to be a $15 buyout.

I just checked Bluegreen stock. It is currently trading at $11.32/share. Using a linear model, it looks like the market is giving this deal about a 60% chance of closing.

The biggest hang up could be getting financing in this economic environment. If a definitive agreement is reached, the stock will rise to near $15/share. If a definitive agreement in not reached, it will plummet back to around $6/share.

[VA_Traveller Senior Member Find all posts View Profile Close VA_Traveller]

Bluegreen announced a non-binding letter of intent to sell to DRI. We should know more by Sept 15 when the exclusive period for negotiating ends.

At that time, one of three things will probably be announced.

1) A definitive agreement for DRI to acquire Bluegreen
2) The deal is off since companies couldn't come to terms
3) An extension of the due diligence period.

Before the announcement, Bluegreen shares were trading around $6/share. The deal was announced to be a $15 buyout.

I just checked Bluegreen stock. It is currently trading at $11.32/share. Using a linear model, it looks like the market is giving this deal about a 60% chance of closing.

The biggest hang up could be getting financing in this economic environment. If a definitive agreement is reached, the stock will rise to near $15/share. If a definitive agreement in not reached, it will plummet back to around $6/share.

Are you a gambling man If I wasn't as lazy, I'd see what the short market for this stock looked like. That could be the tell......