Robotti-led investors own 5.4% of Fleetwood Enterprises, will seek to maximize shareholder value

By Lisa Kerner

Charlotte, N.C., June 13 - Fleetwood Enterprises, Inc. investors led by Robert E. Robotti and Robotti & Co., LLC reported beneficial ownership of 3,439,865 shares, or 5.4%, of the company's stock following a series of buy and sell transactions between April 22 and June 11.

The shares were priced between $3.45 and $4.00 each, according to a schedule 13D filed with the Securities and Exchange Commission.

In the filing, the investors said they intend to communicate with other shareholders and management of Fleetwood about maximizing the value of their shares.

Fleetwood is a Riverside, Calif.-based producer of recreational vehicles and manufactured housing.

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