Oakwood Homes Corporation

Young Conaway served as co-counsel to Clayton Homes Corporation, the proposed purchaser of Oakwood Homes Corporation in connection with its chapter 11 plan of reorganization, and Berkshire Hathaway. Under the plan, Clayton Homes acquired Oakwood Homes for approximately $370 million. Oakwood manufactured model single section homes, multi-section homes and modular homes, which are constructed and furnished at the debtor's manufacturing facilities and transported to the relevant home sites. On the date of its chapter 11 filing, Oakwood Corporation had approximately $820 million in assets and $731 million in liabilities, with annual sales of approximately $927 million.