Cavalier Homes' Stockholders Approve Merger with Southern Energy Homes
14 Agosto 2009 - 7:12PM
Business Wire
Cavalier Homes, Inc. (NYSE Amex: CAV) today announced that
stockholders overwhelmingly approved the proposed merger of the
Company with Southern Energy Homes, Inc. at a special meeting
yesterday.
On August 13, 2009, representatives of the Federal Trade
Commission contacted Cavalier and Southern Energy regarding the
transaction. Both Cavalier and Southern Energy are cooperating with
the inquiry from the Federal Trade Commission and expect to
consummate the merger as soon as practical.
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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