Why Bluegreen Vacations (BVH) Shares Are Surging Today

Bluegreen Vacations Holding Corp BVH has amended its previously announced tender offer to purchase up to 4.5 million shares to increase the offer price from $22.17 per share to $25.00 per share in cash.
The new offer price of $25.00 per share represents a 46.6% premium over the closing share price of the company's stock of $17.05 on November 2, 2022, the last trading day before it announced its intention to commence the tender offer.
In connection with the amendment, the company has extended the expiration time of the tender offer from 5:00 p.m. ET, December 9, 2022, until 5:00 p.m. ET, December 23, 2022.
Based on the information provided by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, as of December 9, about 1.89 million shares had been tendered.
Price Action: BVH shares are trading higher by 13.6% at $24.78 on the last check Monday.

Bluegreen Vacations Surges Following Amendment To Tender Offer