DALLAS-The sale of assets of Palm Harbour Homes Inc. is close to completion. The company's assets are to be sold to Fleetwood Homes Inc for $83.9 million. Palm Harbour filed for bankruptcy protection in November 2010 with an agreement from Fleetwood to purchase Palm Harbour's assets.
The company's assets were sold in a bankruptcy auction and a judge is expected to review the details of the deal on Friday. Fleetwood is funding the acquisition with cash in hand and equity.For the full story, go to Dallas Business Journal.
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