ELKHART, Ind., Jan. 23, 2018 /PRNewswire/ -- Skyline
Corporation ("Skyline" or the "Company") will hold a conference
call at 9:00 am Eastern Time on
Thursday, January 25, 2018 to discuss the previously
announced definitive agreement to combine operations with Champion
Enterprises Holdings, LLC ("Champion"). Members of executive
management of Champion also will participate in the conference
call. To participate in the live conference call, dial
1-877-407-0784 (U.S. and Canada)
or 1-201-689-8560 (International). Presentation slides to
accompany the call will be available on the Company's Investor
Relations web site at http://www.skylinecorp.com. To access
the replay of the call, dial 1-844-512-2921 (U.S. &
Canada) or 1-412-317-6671
(International), replay pin number 13675884.
About Skyline Corporation:
Skyline Corporation and its consolidated subsidiaries design,
produce, and market manufactured housing, modular housing, and park
models to independent dealers, developers, campgrounds, and
manufactured housing communities located throughout the United States and Canada. The company has eight manufacturing
facilities in seven states. Skyline Corporation was originally
incorporated in Indiana in 1959,
as successor to a business founded in 1951, and is one of the
largest producers of manufactured and modular housing in
the United States. For more
information, visit http://www.skylinecorp.com.
About Champion Enterprises Holdings,
LLC:
Champion Enterprises Holdings, LLC was formed in 2010 as the
parent company of Champion Home Builders, Inc. which was founded in
1953. Champion Home Builders specializes in a wide variety of
manufactured and modular homes, park-model RVs and modular
buildings for the multi-family, hospitality, senior and workforce
housing sectors. The company operates 28 manufacturing facilities
throughout North America.
Additionally, Champion operates a factory-direct retail business,
Titan Factory Direct, with 21 retail locations spanning the
southern U.S., and Star Fleet Trucking, providing transportation
services to the manufactured housing industry from 10 dispatch
locations across the United
States. Champion is majority owned by funds affiliated with
Bain Capital Credit (https://www.baincapitalcredit.com),
Centerbridge Partners, L.P. (https://www.centerbridge.com), and MAK
Capital. For more information, visit
https://www.championhomes.com.
Forward-Looking Statements
Except for historical information contained herein, this
document expresses "forward-looking statements" which are intended
to be covered by the safe harbor for forward-looking statements
provided by the Private Securities Litigation Reform Act of 1995,
as amended. Such matters include forward-looking statements
regarding the prospective effects and timing of the proposed share
contribution and exchange transaction with Champion (the
"Exchange"). Generally, the words "believe," "expect,"
"intend," "estimate," "project," "will," and similar expressions
indicate forward-looking statements. Those statements,
including statements, projections, estimates, or assumptions
concerning future events or performance, and other statements that
are other than statements of historical fact, are subject to
material risks and uncertainties. Skyline cautions readers
not to place undue reliance on any forward-looking statements,
which speak only as of the date made. Skyline may make other
written or oral forward-looking statements from time to time.
Readers are advised that various important factors could cause
Skyline's actual results or circumstances for future periods to
differ materially from those anticipated or projected in such
forward-looking statements. Such factors, among others,
include, but are not limited to: potential failure to obtain
shareholder approval of the Exchange-related matters to be
submitted to Skyline's shareholders (the "Company Shareholder
Approval Matters"); potential failure to obtain regulatory approval
for the Exchange or to satisfy other conditions to the consummation
of the Exchange on the proposed terms and within the proposed
timeframes; costs or difficulties relating to integration matters
might be greater than expected; material adverse changes in
Skyline's operations or earnings; changes in laws, regulations, or
accounting principles generally accepted in the United States; the effect of the recently
enacted Tax Cuts and Jobs Act on Skyline and its subsidiaries;
Skyline's competitive position within the markets it serves;
unforeseen downturns in the local, regional, or national economies
or in the specific regions in which Skyline has market
concentrations; and other risks discussed in Skyline's filings with
the SEC, including its Annual Report on Form 10-K, which filings
are available from the SEC. Skyline undertakes no obligation
to publicly update or revise any forward-looking statements except
as required by law.
Additional Information for Shareholders
In connection with the Company Shareholder Approval Matters and
the proposed Exchange, Skyline will prepare a proxy statement to be
filed with the SEC. When completed, a definitive proxy
statement and a form of proxy will be mailed to the shareholders of
Skyline. The proxy statement will contain important
information about the Company Shareholder Approval Matters and the
proposed Exchange and related matters. SKYLINE'S
SHAREHOLDERS ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH
THE SEC, INCLUDING THE DEFINITIVE PROXY STATEMENT REGARDING THE
PROPOSED EXCHANGE (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS)
CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY
SHAREHOLDER APPROVAL MATTERS AND THE PROPOSED EXCHANGE.
Skyline's shareholders will be able to obtain, without charge, a
copy of the proxy statement (when available) and other relevant
documents filed with the SEC from the SEC's website at
http://www.sec.gov. Skyline's shareholders also will be able
to obtain, without charge, a copy of the proxy statement and other
relevant documents (when available) by directing a request by mail
or telephone to Skyline Corporation, 2520 By-Pass Road, P.O. Box
743, Elkhart, Indiana 46514,
Attention: Corporate Secretary, or by calling (574) 294-6521, or
from Skyline's website at http://www.skylinecorp.com under the tab
"Investors – SEC Filings." The information available through
Skyline's website is not and shall not be deemed part of this
Current Report on Form 8-K or incorporated by reference into other
filings Skyline makes with the SEC. This communication does
not constitute an offer to sell or the solicitation of an offer to
buy any securities or a solicitation of any vote or approval.
This communication is not a solicitation of proxies in
connection with the proposed Exchange. However, Skyline and
its directors and officers may be deemed to be participants in the
solicitation of proxies from Skyline's shareholders with respect to
the special meeting of shareholders that will be held to consider
the Company Shareholder Approval Matters in connection with the
Exchange. Information concerning the ownership of Skyline
securities by Skyline's directors and executive officers is
included in their SEC filings on Forms 3, 4, and 5 and additional
information about Skyline's directors and executive officers and
their ownership of Skyline's common stock is set forth in the proxy
statement for Skyline's 2017 annual meeting of shareholders, as
filed with the SEC on Schedule 14A on August
22, 2017. Shareholders may obtain additional
information regarding the interests of Skyline and its directors
and executive officers in the proposed Exchange, which may be
different than those of Skyline's shareholders generally, by
reading the proxy statement and other relevant documents regarding
the proposed Exchange, when filed with the SEC. These
documents can be obtained free of charge from the sources indicated
above.
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SOURCE Skyline Corporation