(Bloomberg) -- Hilton Grand Vacations Inc. agreed to buy timeshare operator Bluegreen Vacations Holding Corp. in an all-cash deal with a total enterprise...
-- Hilton Grand Vacations Inc. agreed to buy timeshare operator Bluegreen Vacations Holding Corp. in an all-cash deal with a total enterprise value of about $1.5 billion including net debt.Bankers Seek Legal Cover After Backing $1.5 Trillion of ESG Debt
Hilton Grand Vacations slumped 8.8% to $33.96 at 11:32 a.m. in New York Monday. Bluegreen shares more than doubled on the news, hitting $73.17. The stock had closed at $35.52 Friday. “Bluegreen Vacations has a strong track record of demonstrated organic growth, a dedicated customer base of more than 200,000 members, and boasts key lead-generating strategic partnerships that will broaden our reach and diversify our tour flow,” Hilton Grand Vacations’ Chief Executive Officer Mark Wang said in the statement.
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