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
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
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.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP