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.
Hilton Grand Vacations is offering $75 for each share of Bluegreen’s Class A and Class B stock, according to a statement Monday. The deal is expected to close during the first half of next year.
Read the full story here.