Bluegreen Vacations more than double on $1.5 bln buyout deal

Bluegreen Vacations Holding

06/11/2023 13:42

** Bluegreen Vacations shares  BVH.N  soar 104.8% to $72.76
premarket vs Hilton Grand Vacation's  HGV.N  buyout offer of
$75/shr in cash
    ** HGV shares down 3.7% premarket; BVH stock set to hit a
record high
    ** Peer Hilton to buy the vacation property operator in a
$1.5 bln deal, incl debt
    ** Deal to increase HGV's membership to over 740,000 members
from ~525,000, and add nearly 50 properties to resort portfolio 
    ** HGV also signs an exclusive 10-yr marketing agreement
with outdoor retailer Bass Pro Shops
    ** BVH stock up 42.3% this year through last close; HGV down
3.3% in same period

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))