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Prospect News home > News index > List of issuers B > Headlines for BFC Financial Corp. > News item
Published on 8/28/2008 in the Prospect News Special Situations Daily.

BFC Financial owns 20.1% of BankAtlantic Bancorp.

By Lisa Kerner

Charlotte, N.C., Aug. 28 - BFC Financial Corp. bought 2 million shares of BankAtlantic Bancorp, Inc.'s class A common stock between Aug. 18 and Aug. 28 in the open market.

The public investment firm beneficially owns 10,329,236 shares, or 20.1%, of the Fort Lauderdale, Fla.-based bank holding company, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

Alan B. Levan is chairman and chief executive officer of both BFC Financial and BankAtlantic.


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