{"id":201,"date":"2007-02-03T06:37:00","date_gmt":"2007-02-03T06:37:00","guid":{"rendered":"http:\/\/blog.sfloridaluxuryhomes.com\/uncategorized\/bfc-financial-to-buy-all-of-levitt-for-286-million\/"},"modified":"2007-02-03T06:37:00","modified_gmt":"2007-02-03T06:37:00","slug":"bfc-financial-to-buy-all-of-levitt-for-286-million","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=201","title":{"rendered":"BFC Financial to buy all of Levitt for $286 million"},"content":{"rendered":"<p><span style=\"font-size:85%;color:#000099;\">Sun-Sentinel by Paul Owers Posted February 1 2007; <\/span><a href=\"http:\/\/www.sun-sentinel.com\/business\/realestate\/sfl-zlevitt01feb01,0,1781362.story?track=rss\">For full article please click here<\/a><br \/>Hoping to bolster its bottom line during the housing downturn, historic home builder Levitt Corp. said Wednesday it will be sold to the Fort Lauderdale-based holding company run by the head of BankAtlantic for $286 million.BFC Financial Corp., already owns 17 percent of Levitt. It also has stakes in Bluegreen Corp., BankAtlantic Bancorp, Ryan Holdings Inc., Benihana Inc. and Cypress Creek Capital.Holders of Levitt&#8217;s Class A shares will receive 2.27 shares of BFC&#8217;s Class A common stock for each share they own, the companies said. With BFC&#8217;s closing stock price Tuesday of $6.35, Levitt shareholders would receive $14.41, a 32 percent premium. BFC shares closed Wednesday at $6.23, down 12 cents.Levitt shares shot up 30 percent, or $3.28 a share,on the news to close Wednesday at $14.16.The Fort Lauderdale-based builder said it needs to improve its capital and liquidity positions while it waits for the housing market to rebound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sun-Sentinel by Paul Owers Posted February 1 2007; For full article please click hereHoping to bolster its bottom line during the housing downturn, historic home builder Levitt Corp. said Wednesday it will be sold to the Fort Lauderdale-based holding company run by the head of BankAtlantic for $286 million.BFC Financial Corp., already owns 17 percent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-201","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=201"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/201\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}