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Wednesday's Small-Cap Winners & Losers

Homebuilder Levitt (LEV) was also hurting after 17% owner BFC Financial (BFF) terminated the companies' January stock-swap merger agreement, then worth some $286 million. In light of this, Levitt will proceed with its May-filed rights offering for up to $200 million in additional shares. BFC plans to participate in it, said Levitt.

Shares of Levitt, based in Florida, surrendered 19.8% to $3.01. BFC jumped 10.3% to $2.79.

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