Blackstone Group to buy luxury resort company

Boca Resorts says it has signed a definitive merger agreement with an affiliate of New York investment firm The Blackstone Group, in a stock deal reportedly worth nearly $1 billion. The Blackstone Group also will assume the company's debt as part of the deal that is expected to be completed by early next year.

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Sun-Sentinel (Fort Lauderdale, Fla.) · · SmartMoney Magazine

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