Bluegreen Vacations (NYSE: BVH) stock is shooting through the roof in Monday's trading following news that the company is on track to be acquired by Hilton Grand Vacations (NYSE: HGV).

Bluegreen's share price was up 105.6% as of 12:45 p.m. ET, according to data from S&P Global Market Intelligence. Meanwhile, Hilton's share price was down 7.5%.

Bluegreen Vacations published a press release this morning announcing that it had agreed to be acquired by Hilton Grand Vacations. Hilton will pay a price of $75 per share to buy Bluegreen in an all-cash deal.

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Source Fool.com