Cavalier Homes and Southern Energy Homes Complete Merger.
ADDISON, Ala. -- Cavalier Homes, Inc. (NYSE NYSE
See: New York Stock Exchange Amex: CAV (1) (Component Analog Video) See YPbPr.
(2) (Constant Angular Velocity) Rotating an optical disc or hard disk at a constant speed. Contrast with "constant linear velocity" (CLV), in which the platter rotates at varying speeds. ) today announced that it has completed the merger of the Company with Southern Energy Homes, Inc. Cavalier's shares will cease trading on the NYSE Amex market at the close of business today.
Under terms of the merger, Cavalier's stockholders will receive $2.75 in cash for each share they own. BNY BNY Bank of New York Mellon Shareowner Services has been appointed paying agent and will notify former Cavalier stockholders in the near future regarding instructions for the exchange of their stock.
Cavalier Homes, Inc. and its subsidiaries produce and sell manufactured housing. The Company markets its homes primarily through independent dealers, including exclusive dealers that carry only Cavalier products.
Addison, Alabama-based Southern Energy Homes, Inc., a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Clayton Homes, is the industry leader in producing top-quality, customizable homes.