NEW YORK, July 29, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of BBX Capital Corporation ("BBX Capital" or the "Company") (NYSE: BBX) concerning the proposed acquisition of the Company by BFC Financial ("BFC").
Under the terms of the offer, BFC would acquire BBX in a transaction valued at over $310 million. Pursuant to the deal, BBX shareholders other than BFC would receive their choice of the following per share: (i) 5.4 shares of BFC stock; (ii) $20.00 in cash per share; or (iii) a combination of BFC stock and cash.
Our investigation concerns whether the BBX board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own BBX shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP