Brief: REV Group To Exit School, Transit Bus Manufacturing

Rev

29/01/2024 12:00

Jan 29 (Reuters) - REV Group Inc  REVG.N :
    * REVENUE GROUP, INC. TO EXIT SCHOOL AND TRANSIT BUS
MANUFACTURING
AND REORGANIZE INTO TWO REPORTING SEGMENTS; ANNOUNCES A SPECIAL
CASH DIVIDEND
    * REVENUE GROUP INC: PROPOSED DEAL FOR $303.0 MILLION IN
CASH
    * REVENUE GROUP INC: COMPLETED SALE OF ITS SCHOOL BUS
BUSINESS TO
FOREST RIVER BUS, LLC
    * REVENUE GROUP INC: EXPECTS TO GENERATE AT LEAST $250
MILLION IN
NET CASH PROCEEDS FROM ACTIONS
    * REVENUE GROUP: TO RETURN ABOUT $180 MILLION OF CASH TO
SHAREHOLDERS AS SPECIAL CASH DIVIDEND OF $3/SHARE

Source text for Eikon:  ID:nBw2PpqH2a 
Further company coverage:  REVG.N 

 ((Reuters.Briefs@thomsonreuters.com;))