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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