Finance / United States
Bluegreen To Be Sold To Diamond Resorts
July 2008 | Top StoriesNevada-based time-share developer and manager Diamond Resorts has offered US$15 per share for Florida's Bluegreen. On July 21, Bluegreen announced that it had signed a letter of intent to sell to Diamond Resorts in a deal worth US$500mn, excluding its outstanding debt. Bluegreen has granted Diamond Resorts an exclusive right of negotiation until September 15.
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