Late yesterday, Boca's board of directors approved the mergeragreement. Shareholders will vote at a special meeting; however,the company's chairman and CEO H. Wayne Huizenga holdsapproximately 98% of the company's vote and has agreed to vote hisshares in favor of the transaction.

Locally based Boca Resorts reported an 81% increase in netincome for its fourth quarter, which ended June 30. The company'snet income for the most recent quarter was $5.8 million, or 14cents per diluted share, compared with $3.2 million, or 8 cents perdiluted share for the same quarter last year. For its fiscal year,the company had $18 million in net income, or 44 cents per dilutedshare, compared with $8.8 million, or 22 cents per diluted share,for the 2003 fiscal year.

Boca Resorts owns the Boca Raton Resort & Club here; theRegistry Resort at Pelican Bay, the Edgewater Beach Hotel andNaples Grande Golf Club in Naples; and the Hyatt Regency Pier 66Resort and Marina, the Radisson Bahia Mar Resort and YachtingCenter, and Grande Oaks Golf Club in Fort Lauderdale.