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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Cavalier Homes | AMEX:CAV | AMEX | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2019 to May 2024
DOW JONES NEWSWIRES
Cavalier Homes Inc. (CAV) expects its $48.4 million sale to a rival modular-home maker owned by Berkshire Hathaway Inc. (BRKA) to close Tuesday, and the company said it would eliminate 100 jobs with the closure of its plant in Millen, Ga.
The company, which agreed to be acquired by Clayton Homes' (CMH) Southern Energy in June, said the plant closure was due to continuing market challenges that have resulted in lower volume in the company's core home manufacturing business.
Cavalier hasn't yet determined the extent of possible impairments, the company said Monday.
The maker of manufactured single- and multisection homes had been locked in a battle with a group of shareholders that together owned about 9.6% of the company. The group had written to Cavalier's shareholders and said the company's operating performance had suffered since well before the financial and housing crisis began.
Shares were down a penny to $2.74 in recent trading. The stock has more than doubled this year, with shares rising since early June.
-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com
1 Year Cavalier Homes Chart |
1 Month Cavalier Homes Chart |
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