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+--- Thread: Blue Bird Acquired AGAIN! (/showthread.php?tid=3278)
Blue Bird Acquired AGAIN! - g_man1146 - 08-25-2006 03:11
BLUE BIRD CORPORATION TO BE ACQUIRED
"FORT VALLEY, GA (August 25, 2006) -Blue Bird Corporation announced
today the signing of a definitive agreement to be acquired by an
affiliate of Cerberus Capital Management, L.P. Terms of the
transaction were not disclosed.
Jeffry Bust, President and Chief Executive Officer of Blue Bird
said, "The acquisition is a significant step forward ensuring Blue
Bird will remain one of the world's leading school and commercial
bus manufacturers. The acquisition also provides financial stability
for our distributors, suppliers and employees."
The proposed transaction is expected to close in September. Kroll
Zolfo Cooper, LLC served as the exclusive financial advisor to Blue
Bird in connection with the transaction."
Rich D. '99LXi43
Blue Bird Acquired AGAIN! - Pete Masterson - 08-25-2006 04:40
One of the subsidiaries of Cerberus Capital is North American Bus
Industries with subsidiary Optima Bus Corporation, both manufacture
transit busses. So there is some potential 'synergy' available. No RV
experience, but the Optima subsidiary makes an "old time" street car-
bus for tourist areas.
Pete Masterson
aeonix1@...
'95 Bluebird Wanderlodge WBDA 4203
El Sobrante, CA
On Aug 25, 2006, at 8:11 AM, g_man1146 wrote:
> BLUE BIRD CORPORATION TO BE ACQUIRED
>
>
> "FORT VALLEY, GA (August 25, 2006) -Blue Bird Corporation announced
> today the signing of a definitive agreement to be acquired by an
> affiliate of Cerberus Capital Management, L.P. Terms of the
> transaction were not disclosed.
>
> Jeffry Bust, President and Chief Executive Officer of Blue Bird
> said, "The acquisition is a significant step forward ensuring Blue
> Bird will remain one of the world's leading school and commercial
> bus manufacturers. The acquisition also provides financial stability
> for our distributors, suppliers and employees."
>
> The proposed transaction is expected to close in September. Kroll
> Zolfo Cooper, LLC served as the exclusive financial advisor to Blue
> Bird in connection with the transaction."
>
> Rich D. '99LXi43
[Non-text portions of this message have been removed]
Blue Bird Acquired AGAIN! - one_dusty_hoot - 08-25-2006 04:55
Named after a three-headed dog that guards the gates of hell,
Cerberus Capital Management's investment strategy is to keep
companies from flaming out. Holdings include a 49% stake in Japanese
bank Aozora, US tech firm SSA Global Technologies, and cable operator
Galaxy Cable. The firm often injects capital into retail ventures --
extinct music retailer Wherehouse Entertainment was a former
investment, as was beleaguered fashion house Esprit de Corp (now
known as Esprit Holdings). More recently, subsidiary Riley Property
acquired real estate services firm LNR Property, and Cerberus paid
about $2.3 billion for MeadWestvaco's paper business, forming NewPage
Corporation.
Hmmmm...Interesting name...Cerberus
Bob Janes
> BLUE BIRD CORPORATION TO BE ACQUIRED
>
>
> "FORT VALLEY, GA (August 25, 2006) -Blue Bird Corporation announced
> today the signing of a definitive agreement to be acquired by an
> affiliate of Cerberus Capital Management, L.P. Terms of the
> transaction were not disclosed.
>
> Jeffry Bust, President and Chief Executive Officer of Blue Bird
> said, "The acquisition is a significant step forward ensuring Blue
> Bird will remain one of the world's leading school and commercial
> bus manufacturers. The acquisition also provides financial
stability
> for our distributors, suppliers and employees."
>
> The proposed transaction is expected to close in September. Kroll
> Zolfo Cooper, LLC served as the exclusive financial advisor to Blue
> Bird in connection with the transaction."
>
> Rich D. '99LXi43
>
Blue Bird Acquired AGAIN! - Marv & Jean - 08-25-2006 04:58
Sounds good for the owners but you can bet the employee pool will get
even leaner than it is.
Marv
2004 M380
Ocean Shores, WA
--- In WanderlodgeForum@yahoogroups.com, "g_man1146"
wrote:
>
> BLUE BIRD CORPORATION TO BE ACQUIRED
>
>
> "FORT VALLEY, GA (August 25, 2006) -Blue Bird Corporation announced
> today the signing of a definitive agreement to be acquired by an
> affiliate of Cerberus Capital Management, L.P. Terms of the
> transaction were not disclosed.
>
> Jeffry Bust, President and Chief Executive Officer of Blue Bird
> said, "The acquisition is a significant step forward ensuring Blue
> Bird will remain one of the world's leading school and commercial
> bus manufacturers. The acquisition also provides financial
stability
> for our distributors, suppliers and employees."
>
> The proposed transaction is expected to close in September. Kroll
> Zolfo Cooper, LLC served as the exclusive financial advisor to Blue
> Bird in connection with the transaction."
>
> Rich D. '99LXi43
>
Blue Bird Acquired AGAIN! - Gardner Yeaw - 08-25-2006 12:16
I guess we should call the support line, ask every question in the book and
record the answers
Gardner
78FC33
-----Original Message-----
From: WanderlodgeForum@yahoogroups.com
[mailto:WanderlodgeForum@yahoogroups.com]On Behalf Of g_man1146
Sent: Friday, August 25, 2006 11:11 AM
To: WanderlodgeForum@yahoogroups.com
Subject: [WanderlodgeForum] Blue Bird Acquired AGAIN!
BLUE BIRD CORPORATION TO BE ACQUIRED
"FORT VALLEY, GA (August 25, 2006) -Blue Bird Corporation announced
today the signing of a definitive agreement to be acquired by an
affiliate of Cerberus Capital Management, L.P. Terms of the
transaction were not disclosed.
Jeffry Bust, President and Chief Executive Officer of Blue Bird
said, "The acquisition is a significant step forward ensuring Blue
Bird will remain one of the world's leading school and commercial
bus manufacturers. The acquisition also provides financial stability
for our distributors, suppliers and employees."
The proposed transaction is expected to close in September. Kroll
Zolfo Cooper, LLC served as the exclusive financial advisor to Blue
Bird in connection with the transaction."
Rich D. '99LXi43
[Non-text portions of this message have been removed]