NEW YORK, July 28, 2016 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities and shareholder rights law firm,
announces that it is investigating the potential sale of BBX
Capital Corporation (NYSE: BBX) ("BBX" or the "Company") on behalf
of its shareholders. BBX announced that it has entered into a
definitive agreement to be acquired by its parent company, BFC
Financial Corporation (OTCQB: BFCF) (OTCQB: BFCFB) for 5.4 shares
of BFC's Class A Common Stock or $20.00 in cash for each share of BBX's Class A
Common Stock held by them. BFC currently owns approximately
81% of BBX's Class A Common Stock and 100% of its Class B Common
Stock.
Our investigation has determined that the offer price of only
$20 per share, unfairly under-values
the true going forward inherent value of BBX and that shareholders
may not be receiving the maximum value for their shares. The
investigation further seeks to determine whether there is a
conflict of interest among the members of the Board of Directors as
well as whether the BBX senior management is entering into this
deal for its' own self-interests to the detriment of the Company's
shareholders.
If you are a shareholder of BBX and would like additional
information as to how the proposed acquisition may affect your
rights as a shareholder, and how you may be eligible to obtain a
higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and has
assisted in the recovery of billions of dollars for shareholders in
securities actions around the globe.
Attorney advertising. Prior results do not indicate a
similar outcome.
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SOURCE Tripp Levy PLLC