BBX Capital, Inc.?s Board intends to launch an Equity Buyback.
November 15, 2023 at 12:00 am EST
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On November 15, 2023, the company announced that its Board of Directors will consider a proposal for share repurchase program. Under the program, the company will repurchase its own shares up to 500,000 shares of its Class A common stock at a purchase price of $8 per share. If more than 500,000 shares are tendered in the tender offer, then, the company will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.
The tender offer will be held open for at least twenty business days following its 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. 
