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26.9.14

BUSMAKERS NEWS * USA: Blue Bird's

* Georgia - Blue Bird school bus maker to be sold


(Photo: A blue birg factory buses)
Fort Valley,GA,USA -The Atlanta Journal-Constitution, by Christopher Seward
-22 Sept 2014: -- Blue Bird Corp., the Fort Valley-based school bus maker, will be acquired by the Houston investment firm Hennessy Capital Acquisition Corp. in a deal valued at nearly $500 million... Hennessy said it is acquiring Blue Bird from Traxis Group for $255 million in cash and shares of Hennessy stock, and the assumption of $235 million in Blue Bird debt... The deal also will make Blue Bird, which employs more than 1,500 workers, a publicly traded company...

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