Blue Bird Acquired AGAIN!

[one_dusty_hoot]

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
>