Brief: Hilton Grand Vacations to Acquire Bluegreen Vacations

Bluegreen Vacations Holding

06/11/2023 12:41

Nov 6 (Reuters) - Bluegreen Vacations Holding Corp
 BVH.N :
    * HILTON GRAND VACATIONS TO ACQUIRE BLUEGREEN VACATIONS
    * BLUEGREEN VACATIONS HOLDING CORP - PROPOSED DEAL FOR $1.5
BILLION
    * BLUEGREEN VACATIONS HOLDING CORP - PROPOSED DEAL FOR $75
PER
SHARE IN AN ALL-CASH TRANSACTION
    * BLUEGREEN VACATIONS HOLDING CORP - TRANSACTION WAS
UNANIMOUSLY
APPROVED BY BOARD OF DIRECTORS FOR BOTH COMPANIES
    * BLUEGREEN VACATIONS HOLDING CORP- ABOUT $100 MILLION IN
PROJECTED COST SYNERGIES EXPECTED TO BE ACHIEVED IN FIRST 24
MONTHS FOLLOWING CLOSE OF DEAL
    * BLUEGREEN VACATIONS HOLDING CORP- DEAL EXPECTED TO
GENERATE
FUTURE REVENUE SYNERGIES OF $75 MILLION TO $100 MILLION
    * BLUEGREEN VACATIONS HOLDING-HGV'S MANAGEMENT
TEAM,INCLUDING
PRESIDENT,CEO MARK WANG,TO CONTINUE TO SERVE IN THEIR CURRENT
ROLES UPON TRANSACTION CLOSE

Source text for Eikon:  ID:nBw9kVsFpa 
Further company coverage:  BVH.N 

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