Manufactured buildings maker Oakwood Homes Corp. has hired Merrill Lynch to help it explore strategic alternatives, including a merger or sale. The Greensboro, N.C.-based company, with a market cap of $570 million, makes modular and manufactured houses and sells them through company-owned retail centers. Through May, same-store sales were down 16%. Oakwood warned that its third quarter earnings may be as much as 50% below analysts’ projections of 55 cents.
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