Bluegreen Corp. (BXG) and BFC Financial Corp. announced Thursday morning that they have terminated their November 2011 merger agreement and entered into a definitive agreement pursuant to which Bluegreen will be acquired in a cash transaction. Woodbridge Holdings, a wholly-owned subsidiary of BFC, will acquire the remaining approximate 46% of Bluegreen's outstanding common stock it does not already own for $10.00 per share in cash.
Bluegreen gapped open sharply higher Thursday morning and is now up 3.03 at $8.79, with volume at over a 4-month high. The stock has leaped to a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.