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Monaco Receives $50M Offer From Unnamed Buyer

Law360 (March 26, 2009, 12:00 AM EDT) -- Recreational vehicle manufacturer Monaco Coach Corp. has received an offer from an undisclosed “major public company” to purchase virtually all of its core operations for about $50 million, the company said in a filing in its Chapter 11 bankruptcy case.

On Wednesday, Coburg, Ore.-based Monaco revealed information about the offer in a revised motion seeking an extension of its permission to use its cash collateral, filed in the U.S. Bankruptcy Court for the District of Delaware.

In the filing, the company said it received a letter...
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