News You Can Use - Who's In, Who's Out

Southern Energy Homes to acquire Cavalier Homes
Cavalier Homes has announced that its board of directors has entered into a definitive merger agreement for the company to be acquired by Addison, Ala.-based Southern Energy Homes, a wholly owned subsidiary of Clayton Homes.

Terms of the agreement call for the payment of $2.75 cash for each outstanding share of common stock. Read more.

Stock to Exit Chapter 11
(Jun. 16) Stock Building Supply has announced the confirmation of its Chapter 11 reorganization plan by the U.S. Bankruptcy Court for the District of Delaware. The court order paves the way for the Raleigh, N.C.-based company to emerge from bankruptcy protection in the coming weeks, the announcement said. Read more.

Building Materials Holding Corporation Enters Chapter 11
As part of its restructuring plan, America's sixth-biggest LBM operation said it has received $80 million in debtor-in-possession financing from Wells Fargo and other lenders.
Source: PROSALES Information ServicePublication date: June 16, 2009
By Andy Carlo
Building Materials Holding Corporation revealed today (Tuesday) that it has "voluntarily" entered Chapter 11 in U.S. Bankruptcy Court in Delaware, according to a statement issued by the Boise, Idaho-based dealer and construction services provider. Read more.