Hennessy Capital Acquisition Corp. acquired Blue Bird Corporation, a leading school bus brand, with significant growth opportunities and attractive valuation. The transaction involved a public flotation of Blue Bird, with a transaction value of $461 million. The acquisition was supported by a committed sponsor and involved a complex financial structure including cash, shares, and convertible preferred stock. The pro-forma ownership structure includes various stakeholders with Cerberus affiliate holding the majority share. The deal was approved by 98% of shares voted.
documents/EFTA01369729.pdf
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