Group Makes Offer for National RV Holdings
From a Times Staff Writer
A group led by the founder of Perris-based National RV Holdings Inc. said it was offering about $92 million to buy the maker of recreation vehicles.
Robert Lee, the company’s chairman emeritus and founder, investment bank B. Riley & Co. and its affiliate, SACC Partners, said they made the proposal through CC Acquisition Group Inc., a newly formed entity.
The group is offering $6.25 a share for the 85% of National RV Holdings not already owned by it or its affiliates. Including assumption of the company’s debt, the group valued the offer at $92 million.
There was no immediate response from the company. Its shares closed at $5.71, up 16 cents, before the offer was announced.
