Spartan Motors to acquire Utilimaster

December 2009
Trailer / Body Builders;Dec2009, Vol. 51 Issue 2, p6
Trade Publication
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.


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