BBX Capital to launch $4M tender offer for up to 500K shares at $8/share

BBX Capital, Inc.

Tender offer for up to 500,000 shares of Class A Common Stock at $8.00/share, total purchase price $4M.
Offer price of $8.00 is a 3.2% premium over Nov 14 closing price of $7.75.
Offer expected to commence within five business days; open for at least 20 business days.
If oversubscribed, shares purchased on a pro rata basis based on aggregate tendered shares.
No recommendation from board; shareholders should read offer to purchase and letter of transmittal.

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