Henlys

Article Abstract:

Henlys has good potential for growth in the US, though the company could be vulnerable to volatility in exchange rates and a downturn in the US automotive sector.

Management

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Dennis waives the fare in Henlys takeover

Article Abstract:

Dennis has recommended a bid from Henlys in a deal described as a merger. The agreement could be affected by a rival bid. Dennis stockholders are offered 64 stocks in Henlys for each 100 stocks they hold in Dennis. Dennis and Henlys stockholders will own the new company 40/60 respectively. The two companies have already collaborated, with Dennis chassis combined with Henlys bodies. Henlys holds a 49% stake in Prevost, which holds 25% of the coach and bus market of Canada and the US.

Automobile industry, Dennis

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Henlys follows in UK bus operators' tyre tracks over to the US

Article Abstract:

Henlys is to acquire Blue Bird, a US manufacturer of school buses, for $665 million, which includes debt. The US bus market offers growth opportunities with both government incentives and rises in the numbers of aged and children. The acquisition should bring a number of synergies in areas including design and engineering and purchasing. Blue Bird holds a 44% stake in the US market for school buses. The acquisition will have to be approved by regulators.

Blue Bird Corp.

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