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Article: Fairfield growth makes company attractive target. (Fairfield Communities Inc.)
- Article from:
- Arkansas Business
- Article date:
- April 20, 1998
- Author:
CopyrightCOPYRIGHT 1998 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fairfield Communities Inc. hoisted the growth-through-acquisition banner high last year with deals totaling more than $260 million. A stated focus of the Little Rock-based timeshare firm in 1995 is the integration of Vacation Break U.S.A. Inc.
The $240 million stock swap for the Fort Lauderdale-based enterprise ranked as the fourth-largest deal last year involving an Arkansas company.
The purchase added five Florida properties, four in the Fort Lauderdale-Pompano Beach area and one in Orlando, and a $0 percent stake in a Bahamas resort. Fairfield spent an additional $13.5 million to buy out the minority partners in two of Vacation Break's Florida projects.
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