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Slide #5. Thor Industries, Inc. — Bison Coach
Acquirer:
Thor Industries, Inc. (NYSE:THO)
Acquiree:
Bison Coach
Details:
Thor Industries, Inc. (NYSE: THO) today announced that, through a wholly-owned subsidiary, it has acquired the net assets of specialty trailer manufacturer Bison Coach from an operating unit of Navistar, Inc. The purchase price, which will be paid in cash, is approximately $16.7 million, subject to post-closing adjustments.
Thor Industries manufactures a variety of recreational vehicles and sells those vehicles, as well as related parts and accessories, primarily to independent, non-franchise dealers throughout the U.S., Canada and Europe. Co.'s business activities are primarily comprised of three main operations, which include the design, manufacture and sale of North American towable recreational vehicles, North American motorized recreational vehicles and European recreational vehicles. Co. has three reportable segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles and European Recreational Vehicles.
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Hold (2.40 out of 4) 1st percentile
(ranked lower than approx. 99% of all stocks covered)
Analysts' Target Price: THO Stock Forecast Based on Zacks ABR data; powered by Xignite |