Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
REV Group, Inc. completed a disposition involving Forest River, Inc. and Forest River Bus, LLC for approximately $303 million (closed 2024-01-26).
- Action
- disposition
- Counterparty
- Forest River, Inc. and Forest River Bus, LLC
- Consideration
- approximately $303 million
- Closing
- 2024-01-26
Exact text from the filing
completed the sale of Collins, pursuant to the terms and conditions set forth in the Stock Purchase Agreement, and received cash consideration in the amount of approximately $303 million, subject to customary adjustments for net working capital, cash and indebtedness, as per the terms of the Stock Purchase Agreement. In connection with the closing of the sale of
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
REV Group, Inc. entered into Stock Purchase Agreement with Forest River, Inc. and Forest River Bus, LLC (effective 2024-01-26).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Forest River, Inc. and Forest River Bus, LLC
- Effective
- 2024-01-26
Exact text from the filing
on January 26, 2024, REV Group, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) by and among the Company, Collins Industries, Inc., an indirect wholly-owned subsidiary of the Company (“Collins Industries”), Collins Bus Corporation, a wholly-owned subsidiary of Collins Industries (“Collins”), Forest River, Inc. and Forest River Bus, LLC (the “Buyer”), pursuant to which Collins Industries agreed to sell all of the issued and outstanding shares of capital stock of Collins to the Buyer.
View on SEC.gov
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
REV Group, Inc. announced a restructuring with charges of approximately $23 million to $29 million affecting ElDorado National (California) ("ENC") facility in Riverside, California.
- Type
- restructuring
- Charge
- approximately $23 million to $29 million
- Affected area
- ElDorado National (California) ("ENC") facility in Riverside, California
Exact text from the filing
consistent cash generation and improved margin performance. In connection with implementing the Plan, the Company currently expects to incur pre-tax charges of approximately $23 million to $29 million, of which approximately $7 million to $8 million is expected to be cash expenditures. Of the aggregate pre-tax charges currently estimated, the Company estimates
View on SEC.gov