WAYNE, Pa., July 29, 2016 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of BBX Capital Corporation ("BBX Capital" or the
"Company") (NYSE: BBX) concerning possible breaches of fiduciary
duty and other violations of law related to the Company's efforts
to sell the Company to BFC Financial Corporation ("BFC
Financial").
If you own shares of BBX Capital and would like to learn more
about this class action or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/bbx. You may also email Mr. Maniskas at
rmaniskas@rmclasslaw.com.
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 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.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of BBX
Capital or not acting in the Company's shareholders' best interests
in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old
Eagle School Rd., Suite 311
Wayne, PA 19087
877-316-3218
www.rmclasslaw.com/cases/bbx
rmaniskas@rmclasslaw.com
Logo -
http://photos.prnewswire.com/prnh/20121112/MM11729LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ryan--maniskas-llp-announces-investigation-of-bbx-capital-corporation-300306265.html
SOURCE Ryan & Maniskas, LLP