RVRESOLVE

Coast Distribution System Inc., which makes accessories and parts for recreational vehicles and boats, said Friday a special committee of its board rejected an unsolicited, nonbinding takeover bid from Bell Industries Inc.
Bell, which provides information technology services, has offered to buy the company for $7.70 per share in cash. Coast said the offer does not reflect the company's underlying value and it's not in the best interest of the company's stockholders.
Bell representatives could not immediately be reached for comment.
Coast added the offer represents a premium of about 4 percent over the closing price of its shares on Dec. 14, the day before Bell publicly announced its bid.
Bell is based in El Segundo, Calif. Its recreational products division distributes parts for motorcycles, boats and recreational vehicles.
Coast said it also adopted a shareholder rights plan and declared a dividend distribution of one share purchase right on each outstanding common share to shareholders of record as of Feb. 15. The shareholder rights plan is designed to insure "fair and equal treatment" of the company's shareholders in the event of a proposed hostile takeover, among other things, the company said.
Coast's shares closed up 6 cents at $7.49 on the American Stock Exchange.
Bell's shares closed up 4 cents at $2.60 on the AMEX.

Make / Models :

Model/Build Years:
JAYCO / EAGLE

2003-2004
JAYCO / JAY FEATHER

2005
Manufacturer : JAYCO, INC.

NHTSA CAMPAIGN ID Number : 06V022000
Mfg's Report Date : JAN 24, 2006
Component: SERVICE BRAKES, HYDRAULIC
Potential Number Of Units Affected : 210
Summary: ON CERTAIN CAMPING TRAILERS, THE HYDRAULIC BRAKE LINE P-CLAMP WAS INCORRECTLY INSTALLED. THIS MAY CAUSE THE METAL BRAKE LINE ELBOW BETWEEN THE BRAKE HOSE AND THE BACKING PLATE TO BREAK WHILE TRAVELING DOWN THE ROAD LEADING TO THE LOSS OF BRAKING CAPABILITIES.
Consequence: THIS CONDITION, IF NOT ADDRESSED, COULD RESULT IN A CRASH, INJURY OR DEATH.
Remedy: DEALERS WILL REMOVE THE BRAKE HOSE P-CLAMP AND REPLACE THE METAL BRAKE LINE ELBOWS FREE OF CHARGE. THE RECALL IS EXPECTED TO BEGIN ON FEBRUARY 28, 2006. OWNERS MAY CONTACT JAYCO AT 1-800-283-8267.
Notes: CUSTOMERS MAY ALSO CONTACT THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION’S VEHICLE SAFETY HOTLINE AT 1-888-327-4236 (TTY 1-800-424-9153), OR GO TO HTTP://WWW.SAFERCAR.GOV.

Fort Valley, Ga.-based Blue Bird Corp. is asking a federal court to approve a pre-packaged Chapter 11 bankruptcy plan filed in U.S. District Court in Nevada on Thursday (Jan. 26), according to the Macon Telegraph. In an announcement made today, the company said the filing is part of a restructuring plan that will put the company back on sound footing. The company, which manufactures school buses and Wanderlodge Class A motorhomes, said it will continue to operate as normal. "This news marks a positive step forward in Blue Bird's financial restructuring that will ensure our long-term financial health," said President and CEO Jeffry Bust. "...The pre-packaged court filing is the most efficient method of completing restructuring." Blue Bird is under a temporary shutdown at its Fort Valley plant, which employs about 1,200 people. Human resources director Mike McCurdy could not say when the plant would resume full production, but he said he expects it will be soon. McCurdy said the shutdown, and the company's financial difficulties, are the result of this being the company's slow time of year. Most schools order buses beginning in May, he said. The company's announcement said its agreement with lenders includes a $52.5 million increase in the company's borrowing availability through a new and expanded loan agreement. The company said it is expecting quick confirmation of the deal.

Make / Models :

Model/Build Years:
JAYCO / ESCAPADE

2006
Manufacturer : JAYCO, INC.

NHTSA CAMPAIGN ID Number : 06V016000
Mfg's Report Date : JAN 23, 2006
Component: ELECTRICAL SYSTEM:WIRING
Potential Number Of Units Affected : 47
Summary: ON CERTAIN MOTOR HOMES, THE WIRE HARNESS MAY HAVE BEEN ROUTED TOO CLOSE TO THE EXHAUST TAIL PIPE WHICH MAY RESULT IN THE CABLE MELTING AND CREATING AN ELECTRICAL SHORT.
Consequence: THIS CONDITION, IF NOT ADDRESSED, COULD RESULT IN A FIRE, ACCIDENT, INJURY OR DEATH.
Remedy: DEALERS WILL INSPECT, REROUTE AND REPLACE THE WIRE HARNESS FREE OF CHARGE. THE RECALL IS EXPECTED TO BEGIN ON FEBRUARY 28, 2006. OWNERS MAY CONTACT JAYCO AT 1-800-283-8267.
Notes: CUSTOMERS MAY ALSO CONTACT THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION’S VEHICLE SAFETY HOTLINE AT 1-888-327-4236 (TTY 1-800-424-9153), OR GO TO HTTP://WWW.SAFERCAR.GOV.