Timeshare Trends Blog

Bluegreen Resorts has been named a finalist in 2010 American Business Awards. Bluegreen Corporation has been selected as the first finalist in multiple categories for the 2010 American Business Awards (also referred to as the Stevie Awards). This annual competition recognizes the achievements and contributions of organizations and businesses, ranging in size from up to 100 employees to more than 2,500 employees. Bluegreen was selected as the finalist in three different categories, including the Most Innovative Company of the Year, Corporate Social Responsibility Program of the Year, and Corporate Environmental Responsibility Program of the Year. Premier Bluegreen resorts include the Fountains in Orlando, the Big Cedar Wilderness Club in Branson, and more than 50 property locations in some of the top vacation destinations.

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Bluegreen Corporation has announced that it has agreed to extend until November 15, 2008 the period during which Diamond Resorts International has an exclusive right of negotiation to acquire all of the Bluegreen common stock at a price of $15 per share.

The parties have agreed to continue to work to reach a definitive agreement for the acquisition of Bluegreen at the earliest possible time.

According to Alan B. Levan, Chairman of the Board of Bluegreen commented, “Diamond Resorts has advised us that it is continuing to move forward with the acquisition of the company at a price of $15 per share, but needs the additional period to finalize due diligence and its financing arrangements. Diamond Resorts has also agreed to pay us an amount approximating Bluegreen’s expenses in connection with the transaction.”

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