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Monaco Coach Sale to Navistar Inc. Delayed
Posted By RVBusiness On June 3, 2009 @ 11:26 am In Breaking News | No Comments
The sale of Monaco Coach Corp. to Navistar International Inc. did not close as scheduled on Tuesday (June 2), a Navistar spokesman said.
The deal, approved May 22 by a bankruptcy judge in Delaware, was to have closed Tuesday, but Navistar spokesman Roy Wiley said he had no news to report, according to The Register-Guard, Eugene, Ore. There could be news on deal later in the week, he said.
Coburg, Ore.-based Monaco is in Chapter 11 bankruptcy. Navistar, an Illinois-based truck and engine manufacturer, was the sole bidder for Monaco’s main assets, including its factories in Oregon and Indiana.
Navistar hasn’t yet said what its plans are for Monaco plants.
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