Hilton Grand to buy Bluegreen Vacations in $1.5 bln deal (updated)

Bluegreen Vacations Holding

06/11/2023 12:55

(Adds deal terms in paragraph 2)
       Nov 6 (Reuters) - Vacation property operator Hilton
Grand Vacations  HGV.N  said on Monday it would buy peer
Bluegreen Vacations  BVH.N  in a $1.5 billion deal.
    Under the terms of the agreement, shareholders of Bluegreen
Vacations will receive $75 in cash for each share, more than
double the closing price on Friday.
    Hilton Grand also said it has signed an exclusive 10-year
marketing agreement with outdoor retailer Bass Pro Shops.
    

 (Reporting by Aatreyee Dasgupta in Bengaluru)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))