Blue Bird Acquired AGAIN!
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08-25-2006, 03:11
Post: #1
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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 |
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08-25-2006, 04:40
Post: #2
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Blue Bird Acquired AGAIN!
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] |
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08-25-2006, 04:55
Post: #3
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Blue Bird Acquired AGAIN!
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 > |
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08-25-2006, 04:58
Post: #4
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Blue Bird Acquired AGAIN!
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 > |
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08-25-2006, 12:16
Post: #5
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Blue Bird Acquired AGAIN!
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] |
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