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Article: Fleetwood Enterprises Announces Results of Auction for Its Manufactured Housing Assets.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- August 28, 2009
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Fleetwood Enterprises, Inc. (BULLETIN BOARD: FLTWQ) , a leading producer of manufactured homes, announced that Cavco Industries, Inc. (NASDAQ:CVCO) and an investment partner, Third Avenue Trust Value Fund (TAVFX), through FH Holding, Inc., their jointly owned corporation, has been named the highest and best bidder for certain of the company's manufactured housing assets. The winning bid was determined through an auction held by the company, in consultation with the Committee of Creditors, and a Court hearing to approve the sale is scheduled for August 12, 2009 at 1:30 p.m. Pacific Time in Riverside, Calif.
Cavco's final offer of $21.8 million was an increase on a ...