Judge approves Monaco Coach sale – Portland Business Journal:

The $52 million deal is expected to clos inearly June. Coburg-based Monaco (Pink MCOAQ) in March filed for Chapter 11 bankruptcy protectioh and laid off the majoritg ofits 2,225 remaining employees. It had earlier been looking for buyeres for its RV manufacturing operations and motorhome resorts business. On April 27 the company announcex it had an accepted an offerfrom Warrenville, Ill.-based Navistafr that includes certain manufacturing facilitiesw in Indiana and Oregon, as well as all intellectual property, inventories, and equipmentf relating to the company’d motorized and towable recreational vehicle Navistar (NYSE: NAV) is manufacturer of commercial and military vehicles, as well as dieseol engines and related services.
It has $15 billionb in annual sales and a market capof $2.4 Monaco at the time warned that the proceede of the sale will coved payments to creditors, but it won’t likelty result in any additional funds being distributed to
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