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Boca Resorts Picked as Buyout Candidate

BOCA RATON, FL-Raymond James analyst suggests the owner-operator of five class A resort properties possesses unique characteristics that make it attractive for a takeover.

By David R. Corder | Updated on August 14, 2001

BOCA RATON, FL-Boca Resorts Inc. is being singled out as a possible acquisition target because of its strong earnings performance this year, a portfolio of exclusive Florida resort properties and its recent refocus on core operations.

The Boca Raton owner-operator of class A resorts, however, is refuting speculation that Raymond James & Associates Inc., a St. Petersburg, FL, investment banking and securities firm, published in a recent stock market report.

“We have no plans to be taken out at all,” Ron Castell, a Boca Resorts senior vice president, tells GlobeSt.com.

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