BBX Capital, Inc.'s Board intends to launch an Equity Buyback.
May 24, 2021 at 12:00 am EDT
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On May 24, 2021, the company announced that it intends to launch a share repurchase program. Under the offer, the company will repurchase up to 4,000,000 shares, representing 26.6% issued shares for $27 million. The shares will be repurchased at a price of $6.5 per share. The offer will be open for 20 days from the date of commencement.
BBX Capital, Inc. is a diversified holding company. The Company's principal holdings include BBX Capital Real Estate LLC, BBX Sweet Holdings, LLC and Renin Holdings, LLC (Renin). BBX Capital Real Estate LLC is engaged in the acquisition, development, construction, ownership, financing and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, warehouse and logistics facilities, and commercial properties located primarily in Florida. BBX Sweet Holdings, LLC is engaged in the ownership and management of operating businesses in the confectionery industry, including ITâSUGAR, a specialty candy retailer. Renin is engaged in the designing, manufacturing and distribution of sliding doors, door systems and hardware, and home decor products. In addition to its own manufacturing activities, Renin also sources various products and raw materials.
BBX CAPITAL, INC. 
