In the statement made by Bluegreen Vacations on the subject, it was stated that an agreement was signed for the acquisition of the company by hilton grand vacations for $ 75 per share.
It was stated that the value of the purchase agreement is approximately $ 1.5 billion, including the company's net debt, and the agreement is expected to be completed in the first half of 2024.
While it was noted that Hilton Grand Vacations will increase its membership base from 525 thousand to over 740 thousand and its resort portfolio from 150 to approximately 200 facilities, Bluegreen Vacations shares gained more than 108 percent after the purchase agreement.
Hilton Grand Vacations shares lost over 9 per cent.
