Bluegreen Corp. announces plans for stock repurchase.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--July 11, 1996--Bluegreen Corp. (NYSE NYSE See: New York Stock Exchange :BXG) Thursday announced that the board of directors have authorized the repurchase of up to 500,000 shares of the company's common stock in the open market from time to time subject to the company's financial condition and liquidity, the terms of its credit agreements, market conditions and other factors. Bluegreen is engaged in the acquisition, development, marketing and sale of recreational land, residential land and vacation ownership resorts. The company operates in 21 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and is headquartered in Boca Raton. CONTACT: Bluegreen Corp., Boca Raton Mary Jo Wiegand Vice President and Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. 407/361-2700 |
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