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.