NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Skyline Corporation (“Skyline” or the “Company”) (NYSE American:SKY) stock prior to January 5, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of Skyline’s Share Contribution & Exchange Agreement with Champion Enterprises Holdings, LLC. 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. In exchange, Skyline will issue approximately 47.8 million shares to Champion, representing 84.5% of the common stock of the combined company. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Skyline breached their fiduciary duties to stockholders and/or violated securities laws by failing to adequately value the Exchange Agreement and failing to disclose all material information in connection with the Agreement.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.