BFC Financial now owns 52% of Bluegreen

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

BFC Financial loses $54M, subsidiary in default - South Florida Business Journal:

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

I wonder what changes may happen with them owning 52 percent of the Bluegreen stock? That would give them control of some changes, good or bad.

Makes me worried when the company that has controlling shares of stock looses $54 million and has their own stock valued under a dollar.

I'll keep my fingers crossed.

[jmc Member Find all posts View Profile Close jmc]

It appears there are two people affiliated with BFC on the board of directors:
Board of Directors
Alan B. Levan Chairman of the Board, Bluegreen Corporation; Chairman, Woodbridge Holdings Corporation; Chairman of the Board, President and Chief Executive Officer, BankAtlantic Bancorp, Inc. & BFC Financial Corporation


John E. Abdo Vice Chairman of the Board, Bluegreen Corporation; Vice Chairman and President, Woodbridge Holdings Corporation; Vice Chairman, BankAtlantic Bancorp., Inc. & BFC Financial Corporation

I too wonder if there will be changes to come, but it also sound promising that there has already been BFC presence on the board and things continue as normal.