TITLE

Spartan Motors to acquire Utilimaster

PUB. DATE
December 2009
SOURCE
Trailer / Body Builders;Dec2009, Vol. 51 Issue 2, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the agreement reached by Spartan Motors Inc. to acquire Utilimaster Corp. from John Hancock Life Insurance Co. in an all-cash deal estimated at 45 million U.S. dollars. It notes that the insurance company is a unit of Canada's financial services group Manulife Financial Corp. It also highlights the terms of the purchase agreement and the impact of the takeover on Spartan's earnings in the first full year.
ACCESSION #
47525365

 

Related Articles

  • MetLife solidifies position as No. 1 group life insurer. Greenwald, Judy // Business Insurance;6/30/2003, Vol. 37 Issue 26, p22 

    New York-based Metropolitan Life Insurance Co. has agreed to purchase Boston-based John Hancock Life Insurance Co.'s group life insurance business for an undisclosed amount, in a transaction expected to close later this year, subject to regulatory approval. The deal would further consolidate...

  • Metropolitan Life Completes Acquisition Of Group Life Business Of John Hancock Life Ins. Co.  // Insurance Advocate;11/10/2003, Vol. 114 Issue 42, p37 

    Reports on New York City-based Metropolitan Life Insurance Co.'s acquisition of John Hancock Life Insurance Co.'s group life insurance business. Impact of the acquisition on MetLife's market-leading position in the group life area; Performance of MetLife; Future plans.

  • Mergers & Acquisitions.  // Power Engineering;Nov2007, Vol. 111 Issue 11, p56 

    This section offers news briefs on merger and acquisition activities of energy utilities in the U.S. Babcock & Brown Ltd., an Australian investment firm, has acquired offshore wind power developer Bluewater. John Hancock Life Insurance Co. and J-Power USA Generation have completed their purchase...

  • Hancock Bank in La. To Buy N.O. Agency.  // American Banker;6/14/2005, Vol. 170 Issue 113, p7 

    Announces the purchase of J. Everett Eaves Inc. by Hancock Bank of New Orleans, Louisiana. Claim that Eaves will become division of Hancock Insurance Agency; Details of the yearly revenue and structure of Eaves; History of Hancock Insurance Agency; Assets of the Hancock Holding Company.

  • UPS Orders 150 Reach Vans.  // Trailer/Body Builders Exclusive Insight;8/ 2/2012, p1 

    The article reports that the United Parcel Service has ordered 150 new Reach walk-in vans from the Utilimaster subsidiary of Spartan Motors Inc.

  • Spartan Motors completes acquisition of Smeal Fire Apparatus.  // Trailer/Body Builders Exclusive Insight;1/3/2017, p1 

    The article provides details regarding the acquistion of fire apparatus manufacturer Smeal Fire Apparatus by speciality chassis and vehicle manufacturer Spartan Motors.

  • Spartan Motors To Acquire Fire Apparatus Maker Smeal.  // Trailer/Body Builders Exclusive Insight;12/13/2016, p1 

    The article reports on plans of the automobile design firm Spartan Motors USA Inc. to acquire fire apparatus maker Smeal Fire Apparatus Co.; and presents views of Daryl Adams, Chief Executive Officer (CEO) at Spartan Motors, on plans to add Smeal's industry-leading product portfolio to Spartan's.

  • John Hancock Distribution Unit Creates CPAs Program To Expand Financial Services for Clients.  // Insurance Advocate;7/29/2002, Vol. 113 Issue 28, p9 

    Reports on the turnkey program created by John Hancock Life Insurance Company distribution unit Signator Financial Network that will help certified public accountant firms expand their practices.

  • Spartan Motors' Revenues Down 19% in 1Q.  // Trailer/Body Builders Exclusive Insight;5/ 8/2013, p3 

    The article reports on the performance of Spartan Motors, Inc. Utilimaster's parent company, with revenues totaling 96.1 million dollars, down 19.1% from the 1st quarter of 2012. The reason is cited to be a decline in sales in the Delivery & Service (DSV) segment. The company posted a net loss...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics