Skyline Corporation (NYSE: SKY) Investor Investigation Over possible Wrongdoing In Acquisition Announced

Investors who purchased shares of Skyline Corporation (NYSE: SKY) and currently hold any of those NYSE: SKY shares have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Skyline
Affected Securities: 
NYSE: SKY

An investigation on behalf of investors, who currently hold shares of Skyline Corporation (NYSE: SKY), was announced concerning whether the takeover of Skyline Corporation by Champion Enterprises Holdings is unfair to NYSE: SKY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Skyline Corporation breached their fiduciary duties owed to NYSE: SKY investors in connection with the proposed acquisition.

On January 5, 2018, Skyline Corporation (“Skyline”) (AMEX:SKY) and Champion Enterprises Holdings, LLC (“Champion”), the parent company of Champion Home Builders, Inc., today announced that they have entered into a definitive agreement for the two companies to combine their operations. Under the terms of the agreement, Champion will contribute 100% of the shares of its operating subsidiaries, Champion Home Builders, Inc. and CHB International B.V., to Skyline.

However, given that Art Decio, Skyline’s largest shareholder, has already agreed to vote in favor of and fully support the transaction, the investigation concerns whether the offer is unfair to NYSE: SKY stockholders. More specifically, the investigation concerns whether the Skyline Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Skyline Corporation reported that its Total Revenue rose from $211.77 million for the 12 months period that ended on May 31, 2016 to $236.50 million for the 12 months period that ended on May 31, 2017.