Why Bluegreen Vacations Stock Has More Than Doubled Today
Bluegreen Vacations (NYSE: BVH) stock is shooting through the roof in Monday's trading following news that the company is on track to be acquired by Hilton Grand Vacations (NYSE: HGV).
Bluegreen's share price was up 105.6% as of 12:45 p.m. ET, according to data from S&P Global Market Intelligence. Meanwhile, Hilton's share price was down 7.5%.
Bluegreen Vacations published a press release this morning announcing that it had agreed to be acquired by Hilton Grand Vacations. Hilton will pay a price of $75 per share to buy Bluegreen in an all-cash deal.
Source Fool.com
Hilton Inc. Stock
€185.05
0.110%
With 15 Buy predictions and not the single Sell prediction the community is currently very high on Hilton Inc..
As a result the target price of 198 € shows a slightly positive potential of 7.0% compared to the current price of 185.05 € for Hilton Inc..
