Skyline Enters Definitive Agreement To Acquire Regional Enterprises LLC, And Related Companies For Purchase Price Of $328M Plus Assumed Debt
Portfolio Pulse from Benzinga Newsdesk
Skyline Corporation has entered into a definitive agreement to acquire Regional Enterprises LLC and related companies for a purchase price of $328 million plus assumed debt. The transaction, which includes $130 million of inventory floor plan liabilities, is expected to close in the third quarter of fiscal 2024.
August 28, 2023 | 11:06 am
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Skyline's acquisition of Regional Enterprises LLC could potentially expand its market presence and boost its revenues in the long run. However, the assumed debt could impact its financial stability.
The acquisition could potentially expand Skyline's market presence and boost its revenues. However, the assumed debt, which includes $130 million of inventory floor plan liabilities, could impact its financial stability. The impact on the stock price in the short term is uncertain as it depends on how the market perceives the balance between the potential benefits and risks of the acquisition.
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RELEVANCE 100