Blue Bird Completes Acquisition of Girardin Group’s Stake in Micro Bird Joint Venture
Blue Bird Corporation (BLBD)
Last blue bird corporation earnings: 2/12 04:00 pm
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Source: Business Wire
Establishes full ownership of Micro Bird, integrating operations under one brand and leadership teamStrengthens Blue Bird’s position with the industry’s most comprehensive bus portfolioExpands addressable market with the Buy America–compliant shuttle bus market MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced the successful completion of its previously announced acquisition of Girardin Group’s stake in the Micro Bird joint venture, resulting in Blue Bird taking full ownership of the enterprise.The transaction, valued at approximately $200 million and funded through a combination of cash and Blue Bird common stock, marks a significant milestone in the company’s strategy to streamline operations and expand its market reach.With the closing of the acquisition, Blue Bird fully consolidates its North American operations, unifying its businesses under one brand, one team, and one operating approach. T
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