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We've written substantially about BBX Capital and Bluegreen Vacations in the past and it has certainly been interesting watching events unfold for the past 16 months since we last wrote about the company. Since there are many things that we could cover, and many moving pieces in light of the Bass Pro-Bluegreen lawsuit and BBX-BXG merger we'd like to just focus on market pricing of the merger that has gone out of whack.
To recap, BBX originally announced that it intended to take the 10% of Bluegreen Vacations that it IPOed barely one year ago