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Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) has announced plans to release its financial results for Q1 2021 on May 10, 2021, prior to market open. The company, which owns 100% of Bluegreen Vacations Corporation, is a prominent player in vacation ownership, providing access to numerous resorts and a points-based ownership plan. Investors can find more information about the company and its offerings at www.BVHCorp.com.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) has successfully acquired the remaining 7% of Bluegreen Vacations Corporation's (NYSE: BXG) outstanding shares, making Bluegreen a wholly owned subsidiary as of May 5, 2021. Shareholders of Bluegreen are set to receive 0.51 shares of BVH's Class A Common Stock for each Bluegreen share held. The merger aims to eliminate market confusion, streamline operations, and enhance financial reporting. Following the merger, Bluegreen's Common Stock will cease trading on the NYSE.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced it expects to complete its merger with Bluegreen Vacations Corporation (NYSE: BXG) on May 5, 2021. Currently, BVH owns approximately 93% of Bluegreen's outstanding shares and plans to acquire the remaining 7% through a statutory merger. Each outstanding share of Bluegreen will be converted into 0.51 shares of BVH's Class A Common Stock, with fractional shares rounded up. This merger aims to consolidate ownership and enhance operational efficiencies.
Bluegreen Vacations Holding Corporation (NYSE: BVH) announced the merger with Bluegreen Vacations Corporation (NYSE: BXG) set for May 5, 2021. Currently holding about 93% of Bluegreen’s stock, BVH plans to acquire the remaining 7% through a statutory short-form merger under Florida law. Each outstanding share of Bluegreen will convert into 0.51 shares of BVH’s Class A Common Stock, rounding up any fractional shares. This merger aims to streamline ownership and enhance operational efficiencies.
Bluegreen Vacations Corporation (NYSE: BXG) has received the Ecolab Science Certified™ seal for its resorts nationwide, showcasing a commitment to cleanliness and safety for guests. This certification involves advanced sanitation protocols and comprehensive training for associates in public health practices. The Ecolab program aligns with guidelines from the CDC, ensuring high standards in the company's operations. Bluegreen plans to display this certification at its resorts, enhancing its reputation in vacation ownership and commitment to health safety.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) has announced its intention to acquire the remaining 7% of Bluegreen Vacations Corporation (NYSE: BXG) through a statutory short-form merger. Upon completion, BXG will become a wholly-owned subsidiary of BVH, with BXG shareholders receiving shares of BVH Class A Common Stock. The merger aims to simplify ownership structure, enhance market liquidity, and reduce costs by eliminating one set of public company expenses.
Bluegreen Vacations Holding Corporation (BVH) plans to acquire the remaining 7% of Bluegreen Vacations Corporation (BXG) stock not currently held by BVH through a statutory short-form merger. In this merger, BXG will become a wholly owned subsidiary of BVH, with BXG shareholders receiving 0.51 shares of BVH Class A Common Stock for each share of BXG. This move aims to streamline operations, enhance market liquidity, and eliminate duplicate costs of $0.5 million to $1 million annually. The merger is expected to be completed by Q2 2021, pending regulatory approvals.
Bluegreen Vacations Corporation (NYSE: BXG), a subsidiary of Bluegreen Vacations Holding Corporation (NYSE: BVH), announced a redesign of its sales and marketing infrastructure. The new headquarters is now in Knoxville, Tennessee, strategically located closer to key markets like the Smoky Mountains. This move aims to enhance operations and customer acquisition. The leadership structure has been updated, with seasoned industry veterans assigned to four regional hubs. The company anticipates growing its marketing presence, planning to expand from 98 to over 120 kiosks in Bass Pro Shops and Cabela’s by year-end 2021.
Bluegreen Vacations Holding Corporation (NYSE: BVH) has announced its financial results for Q4 and the year ending December 31, 2020. Post-spin-off, BVH retains approximately 93% stake in Bluegreen Vacations Corporation. Key highlights include a net income of $9.1 million and an EPS of $0.47 for Q4 2020. However, system-wide sales of vacation ownership interests (VOIs) dropped to $112.2 million from $155.5 million year-on-year. Despite these challenges, the company reports increased average sale price and sales volume per guest, aiming for a rebound amidst the ongoing pandemic.
