Cavalier Homes and Southern Energy Homes Complete Merger
01 Septembre 2009 - 8:42PM
Business Wire
Cavalier Homes, Inc. (NYSE Amex: CAV) today announced that it
has completed the merger of the Company with Southern Energy Homes,
Inc. Cavalier's shares will cease trading on the NYSE Amex market
at the close of business today.
Under terms of the merger, Cavalier's stockholders will receive
$2.75 in cash for each share they own. BNY Mellon Shareowner
Services has been appointed paying agent and will notify former
Cavalier stockholders in the near future regarding instructions for
the exchange of their stock.
Cavalier Homes, Inc. and its subsidiaries produce and sell
manufactured housing. The Company markets its homes primarily
through independent dealers, including exclusive dealers that carry
only Cavalier products.
Addison, Alabama-based Southern Energy Homes, Inc., a wholly
owned subsidiary of Clayton Homes, is the industry leader in
producing top-quality, customizable homes.
Cavalier Homes (AMEX:CAV)
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