The Real Deal Miami

Bluegreen plans merger

November 14, 2011 09:23AM

Timeshare manager Bluegreen is planning a merger with Fort
Lauderdale-based BFC Financial, which already owns 52 percent of the
company’s stock. The plan would make Bluegreen a wholly-owned subsidiary
of BFC. “We have had a close and beneficial relationship with BFC since
April 2002, and the merger will not have any material impact on
Bluegreen’s day-to-day operations,” said Bluegreen President and CEO
John Maloney.” Alan Levan chairs both companies. [SFBJ]