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Ropes & Gray Represents Champion Enterprises Holdings in its Definitive Agreement to Combine with Skyline Corporation

Practices: Securities & Public Companies, Finance, Executive Compensation & Employee Benefits, Tax

Ropes & Gray represented Champion Enterprises Holdings, the parent company of Champion Home Builders, in its definitive agreement to combine their operations with Skyline Corporation to create the nation's largest publicly traded factory-built housing company. The combined company will now operate as Skyline Champion Corporation

Champion will contribute 100% of the shares of its operating subsidiaries, Champion Home Builders, Inc. and CHB International B.V., to Skyline. In exchange, Skyline is expected to issue approximately 47.8 million shares to Champion (or its members), representing 84.5% of the common stock of the combined company. The transaction closed on June 4.

The Ropes & Gray team was led by securities & public companies partners David Fine and Zachary Blume, finance partner Alyson Allen, benefits partner Joshua Lichtenstein and tax partner Leo Arnaboldi.

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