June 16, 2003 Dear Option Holder:Clayton Homes Inc • June 16th, 2003 • Mobile homes
Company FiledJune 16th, 2003 IndustryOn April 1, 2003, Clayton Homes entered into an Agreement and Plan of Merger with Berkshire Hathaway Inc. and B Merger Sub Inc., a wholly owned subsidiary of Berkshire Hathaway, pursuant to which B Merger Sub will (subject to the terms and conditions in the merger agreement) merge with and into Clayton Homes. If the merger is completed, Berkshire Hathaway will acquire all of our outstanding shares of common stock and Clayton Homes will become a wholly owned subsidiary of Berkshire Hathaway.