Binkow & Goldberg LLP is investigating potential claims against
the Board of Directors of BBX Capital Corporation ("BBX Capital" or the
"Company") (NYSE:BBX) related to the proposed acquisition of the Company
by BFC Financial Corporation ("BFC"). Under the terms of the
acquisition, BBX Capital shareholders will receive 5.39 shares of BFC
Class A Common Stock for each share of BBX Capital Class A Common Stock
owned. Based upon BFC's
Wednesday closing price, the transaction values BBX Capital at
approximately $13.42 per share.
This investigation concerns whether the Board of Directors of BBX
Capital breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all material
information to shareholders about the transaction. The Company has seen
substantial recent growth. Its share price has skyrocketed from $1.87 on
March 7, 2012 to $12.28 on April 29, 2013.
If you are a shareholder of BBX Capital, if you have information or
would like to learn
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150
or Toll Free at (888) 773-9224 or by email to [email protected].
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire