On December 18, 2023, Bluegreen Vacations Holding Corporation (the Company) issued the
following press release announcing that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the previously announced agreement for the Company to be acquired by Hilton Grand Vacations Inc.
expired on December 14, 2023.
Bluegreen Vacations Holding Corporation Announces Expiration of the HSR Waiting Period for Proposed
Transaction with Hilton Grand Vacations
BOCA RATON, Fla. December 18, 2023 Bluegreen Vacations Holding Corporation (NYSE: BVH)
(OTCQX: BVHBB) (the Company) announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act), with respect to the previously announced agreement
for the Company to be acquired by Hilton Grand Vacations Inc. (NYSE:HGV) for $75.00 per share in cash. The waiting period under the HSR Act expired at 11:59 p.m., Eastern Time, on December 14, 2023.
The expiration of the waiting period satisfies one of the closing conditions of the transaction. The completion of the transaction remains subject to the
satisfaction of other closing conditions specified in the merger agreement, including approval by the Companys shareholders. A special meeting of the Companys shareholders to consider and vote on the merger agreement is scheduled to be
held on January 11, 2024.
About Bluegreen Vacations Holding Corporation
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests
and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 73 Club and Club Associate Resorts and access to nearly 11,600 other hotels and resorts
through partnerships and exchange networks.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements are based on current information and current expectations of management.
Forward-looking statements are subject to substantial risks and uncertainties, many of which are beyond the Companys control, which may cause actual results to differ materially from the results expressed or implied by the forward-looking
statements. These risks and uncertainties include, but are not limited to, the possibility that the conditions to the closing of the transaction may not be satisfied, risks related to the ability of each party to consummate the transaction,
uncertainties as to the timing of the consummation of the transaction, the risk that the transaction may not otherwise be consummated in accordance with the contemplated terms, or at all, potential litigation relating to the transaction, and the
risk that the transaction, including the announcement or pendency of the transaction, may disrupt or otherwise adversely impact the Companys business. Reference is also made to the risks and uncertainties detailed in reports filed by the
Company with the SEC, including the Risk Factors sections thereof, which may be viewed on the SECs website at www.sec.gov and on the Companys website at www.bvhcorp.com. The Company cautions that the foregoing factors are not
exclusive. The Company does not assume any obligation to update the forward-looking statements, including to reflect events that occur or circumstances that exist after the date hereof, except as required by law.