BBX CAPITAL CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
July 28 2016 - 10:58AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of BBX Capital
Corporation (NYSE: BBX)?
- Did you purchase any of your shares
prior to July 28, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of BBX
Capital Corporation (“BBX Capital” or the “Company”) (NYSE: BBX)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by BFC Financial Corporation (“BFC Financial”) (OTC
QB: BFCF).
Click here to learn more:
http://rigrodskylong.com/investigations/bbx-capital-corporation-bbx.
Under the terms of the agreement, BBX Capital's shareholders
other than BFC Financial will be entitled to receive, at their
election, 5.4 shares of BFC Financial's Class A Common Stock or
$20.00 in cash for each share of BBX Capital's Class A Common Stock
held by them. BBX Capital's shareholders will have the right to
elect to receive all cash, all stock, or a combination of cash and
stock in exchange for their shares. BFC Financial currently owns
approximately 81% of BBX Capital's Class A Common Stock and 100% of
its Class B Common Stock.
The investigation concerns whether BBX Capital’s board of
directors failed to adequately shop the Company and obtain the best
possible value for BBX Capital’s shareholders before entering into
an agreement with BFC Financial.
If you own the common stock of BBX Capital and purchased your
shares before July 28, 2016, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/bbx-capital-corporation-bbx.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160728006113/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
BBX Capital (NYSE:BBX)
Historical Stock Chart
From Mar 2024 to Apr 2024
BBX Capital (NYSE:BBX)
Historical Stock Chart
From Apr 2023 to Apr 2024