With the Clayton Homes Inc. shareholder vote just two days away, and Cerberus Capital Management silent since its July 10 letter to Chief Executive Officer Kevin Clayton, buyer Berkshire Hathaway could wrap up the deal. Most Street sources, though, think Clayton is fundamentally stronger than the $12.50-per-share takeout and its stock price will remain above that level whether it sees another deal or not. At press time, the Maryville, Tenn.-based manufactured housing company’s shares traded at $13.22 each.

To read the entire story, you must be logged in.
Please log in now or register with us.

How useful was this post?

Tell us more about your rating decision