<SEC-DOCUMENT>0001193125-18-107510.txt : 20180530
<SEC-HEADER>0001193125-18-107510.hdr.sgml : 20180530
<ACCEPTANCE-DATETIME>20180404161555
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-18-107510
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20180404

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SKYLINE CORP
		CENTRAL INDEX KEY:			0000090896
		STANDARD INDUSTRIAL CLASSIFICATION:	MOBILE HOMES [2451]
		IRS NUMBER:				351038277
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			0603

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2520 BY-PASS RD
		STREET 2:		P O BOX 743
		CITY:			ELKHART
		STATE:			IN
		ZIP:			46515
		BUSINESS PHONE:		5742946521

	MAIL ADDRESS:	
		STREET 1:		P O BOX 743
		CITY:			ELKHART
		STATE:			IN
		ZIP:			46515
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">11&nbsp;S.&nbsp;Meridian&nbsp;Street</TD></TR>
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<TD VALIGN="top">Indianapolis, IN 46204-3535</TD></TR>
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<TD VALIGN="top">317-236-1313</TD></TR>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">317-231-7433 (Fax)</TD></TR>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">www.btlaw.com</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">April&nbsp;4, 2018 </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I><U>Via EDGAR </U></I></B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attn: Asia
Timmons-Pierce, Special Counsel, and Sherry Haywood, Staff Attorney </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Skyline Corporation </B></TD></TR></TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>Preliminary Merger Proxy Statement on Schedule 14A </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>Filed on February&nbsp;27, 2018 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;001-04714</FONT> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Ms.&nbsp;Timmons-Pierce and Ms.&nbsp;Haywood: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter is being submitted on behalf of Skyline Corporation (&#147;<B><I>Skyline</I></B>&#148; or the &#147;<B><I>Company</I></B>&#148;)
in response to the comments of the Staff of the Division of Corporation Finance (the &#147;<B><I>Staff</I></B>&#148;) of the Securities and Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;) with respect to the Company&#146;s Preliminary
Proxy Statement on Schedule 14A filed on February&nbsp;27, 2018 (the &#147;<B><I>Preliminary Proxy Statement</I></B>&#148;), as set forth in your letter dated March&nbsp;26, 2018 addressed to Richard W. Florea, Chief Executive Officer of the Company
(the &#147;<B><I>Comment Letter</I></B>&#148;). The Company is concurrently filing Amendment No.&nbsp;1 to the Preliminary Proxy Statement (&#147;<B><I>Amendment No.</I></B><B><I></I></B><B><I>&nbsp;1</I></B>&#148;), which includes changes to
reflect responses to the Staff&#146;s comments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For your convenience, your comments have been reproduced in bold below followed by the
responses in regular type. Unless otherwise indicated, page references in the Staff&#146;s comments refer to the Preliminary Proxy Statement, and page references in the responses refer to Amendment No.&nbsp;1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The responses provided herein are based upon information provided to Barnes&nbsp;&amp; Thornburg LLP. In addition to submitting this letter
via EDGAR, we are sending via email a copy of each of this letter and Amendment No.&nbsp;1 (marked to show changes from the Preliminary Proxy Statement). All capitalized terms not otherwise defined herein have the meanings set forth in Amendment
No.&nbsp;1. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;* </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>General </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please provide us supplementally with copies of any board books or similar materials prepared by Jefferies LLC for Skyline&#146;s board. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Atlanta&nbsp;&nbsp;&nbsp;&nbsp;Chicago&nbsp;&nbsp;&nbsp;&nbsp;Dallas&nbsp;&nbsp;&nbsp;&nbsp;Delaware&nbsp;&nbsp;&nbsp;&nbsp;Indiana&nbsp;&nbsp;
&nbsp;&nbsp;Los Angeles&nbsp;&nbsp;&nbsp;&nbsp;Michigan&nbsp;&nbsp;&nbsp;&nbsp;Minneapolis&nbsp;&nbsp;&nbsp;&nbsp;Ohio&nbsp;&nbsp;&nbsp;&nbsp;Washington, D.C. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 2
 of 9 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2018 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, a copy of the discussion materials
prepared by Jefferies LLC (&#147;<B><I>Jefferies</I></B>&#148;) that were reviewed and discussed with Skyline&#146;s board of directors in connection with the rendering of Jefferies&#146; opinion on January&nbsp;4, 2018, are being provided to the
Staff on a supplemental basis under separate cover by Jones Day, counsel to Jefferies, requesting confidential treatment pursuant to Rule <FONT STYLE="white-space:nowrap">12b-4</FONT> promulgated under the Securities Exchange Act of 1934, as
amended, and pursuant to the provisions of 17 C.F.R. &#167;200.83. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Questions and Answers About the Exchange and the Skyline Special Meeting, page 1
</U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please provide a separate question and answer regarding the tax consequences of the special cash dividend and include appropriate disclosure in your summary section. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement as you
requested. I refer you to the question and answer that has been added on page 5 of Amendment No.&nbsp;1 and the additional disclosure in the &#147;Summary&#148; section on page 15 of Amendment No.&nbsp;1 regarding the tax consequences of the special
cash dividend. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Will Skyline&#146;s shareholders receive any consideration in the Exchange?, page 1 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>We note your disclosure on page 158 that the estimated special cash dividend of $5.4&nbsp;million. Please revise your disclosure here to provide an estimate of the special cash dividend. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement as you
requested. I refer you to page 1 of Amendment No.&nbsp;1 under the question &#147;Will Skyline&#146;s shareholders receive any consideration in the Exchange?&#148; for the additional disclosure. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Interests of Certain Directors, Officers, and Affiliates of Skyline, page 13 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please quantify the benefits that the directors, officers, and affiliates of Skyline will receive as a result of their interests in the merger. Please also quantify these amounts in your related risk factor on page
24. </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the
Preliminary Proxy Statement as you requested. I refer you to page 14 under the heading &#147;Interests of Certain Directors, Officers, and Affiliates of Skyline&#148; and page 27 under the risk factor &#147;Certain of Skyline&#146;s officers and
directors have interests that are different from, or in addition to, the interests of Skyline&#146;s shareholders generally&#148; of Amendment No.&nbsp;1 for the additional disclosures. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
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 of 9 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2018 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>The Exchange, page 50 </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>General Description of the Exchange, page 50 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please consider including an illustration of Skyline&#146;s structure after the transaction. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement as you
requested. I refer you to page 55 of Amendment No.&nbsp;1 under the heading &#147;General Description of the Exchange&#148; for a graphic illustration of the combined company&#146;s structure after the closing of the Exchange. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please disclose here the number of equity interests of each of Champion Home Builders, Inc. and CHB International B.V. that will be exchanged for the Exchange Shares in the transaction. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement as you
requested. I refer you to page 54 of Amendment No.&nbsp;1 under the heading &#147;General Description of the Exchange&#148; for the additional disclosure. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please elaborate on the terms of the proposal from Company X. For example, please disclose what Skyline&#146;s equity position would have been in Company X. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement as you
requested. I refer you to page 58 of Amendment No.&nbsp;1 for the revised disclosures. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please revise to discuss what consideration the board gave to making a response to Company&#146;s X&#146;s indication of interest. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement as you
requested. I refer you to page 58 of Amendment No.&nbsp;1 for the revised disclosures. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please revise your disclosure to discuss whether any other potential partners other than Company X were contacted and the reasons for not pursuing those other potential partners. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement as you
requested. I refer you to pages 58-59 of Amendment No.&nbsp;1 for the revised disclosures. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>10.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please revise to disclose how the board responded to the unsolicited offer received on January&nbsp;2, 2018 from the private investment firm. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement as you
requested. I refer you to page 66 of Amendment No.&nbsp;1 for the revised disclosures. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
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 of 9 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2018 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Opinion of the Financial Advisor to the Skyline Board of Directors, page 65 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>11.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>We note your disclosure that Jefferies&#146; opinion was for the use and benefit of the Board in its consideration of the Exchange. Because it is inconsistent with the disclosures relating to the opinion, the
limitation should be deleted. Alternatively, disclose the basis for the financial advisors&#146; belief that shareholders cannot rely upon the opinion to support any claims against the financial advisors arising under applicable state law (e.g., the
inclusion of an express disclaimer in financial advisor&#146;s engagement letter with the company). Describe any <FONT STYLE="white-space:nowrap">state-law</FONT> authority regarding the availability of such a potential defense. In the absence of
applicable <FONT STYLE="white-space:nowrap">state-law</FONT> authority, disclose that the availability of such a defense will be resolved by a court of competent jurisdiction. Also disclose that resolution of the question of the availability of such
a defense will have no effect on the rights and responsibilities of the board of directors under applicable state law. Further disclose that the availability of such <FONT STYLE="white-space:nowrap">state-law</FONT> defense to the financial advisors
would have no effect on the rights and responsibilities of either the financial advisors or the board of directors under the federal securities laws. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, we respectfully advise the Staff that the disclosure referenced by the Staff is not
inconsistent and does not limit reliance by shareholders on the disclosures relating to such opinion in the proxy statement. The disclosure included in the Preliminary Proxy Statement, and Jefferies&#146; opinion, does not include any of the
disclaimers, qualifications, or limitations on reliance by the Company&#146;s shareholders language that the Staff has found problematic in the past. We note, for example, that neither the Preliminary Proxy Statement nor Jefferies&#146; opinion
states that the opinion is &#147;exclusively&#148; or &#147;solely&#148; for use by the Company&#146;s board of directors. We also note that the disclosure and Jefferies&#146; opinion do not state that the Company&#146;s shareholders may not rely on
the disclosures in the proxy statement relating to Jefferies&#146; opinion. Accordingly, we respectfully submit that no changes are necessary to the disclosure in Amendment No.&nbsp;1 concerning Jefferies&#146; opinion. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>12.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>We note Jefferies&#146; statement that the opinion may not be used or referred to by the Company, or quoted or disclosed to any person in any matter, without the financial advisor&#146;s prior written consent. Please
disclose, if true, that financial advisor has consented to the use of its opinion in your proxy statement. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: The Company confirms that Jefferies agreed to the inclusion of, and reference to, its opinion in the proxy statement. Please
see the revised disclosure on page 72 of Amendment No.&nbsp;1 in response to the Staff&#146;s comment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Ancillary Agreements To Be Entered Into In
Connection With the Exchange, page 111 </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Registration Rights Agreements, page 111 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>13.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please disclose any potential cash penalties under the registration rights agreement, if applicable. Please also disclose any additional penalties that could result from delays in registering your common stock. Refer
to FASB ASC <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">825-20-50-1.</FONT></FONT></FONT> </B></TD></TR></TABLE>
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 of 9 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2018 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company advises the Staff that
the registration rights agreement does not provide for any liquidated damages, cash, or other specific penalties, including any that would result from delays in registering the Company&#146;s common stock. The Company has revised the disclosures in
the Preliminary Proxy Statement accordingly. I refer you to page 116 of Amendment No.&nbsp;1 for the revised disclosures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Management&#146;s
Discussion and Analysis of Financial Condition and Results of Operations of Champion Holdings, page 119 </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Nine Months ended December&nbsp;30,
2017 as Compared to Nine Months ended December&nbsp;31, 2016, page 121 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>14.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please expand your disclosure to quantify how much of the volume increase in units was due to orders by FEMA during the nine months ended December&nbsp;30, 2017. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised the disclosures in the Preliminary Proxy Statement as you
requested. I refer you to page 127 of Amendment No.&nbsp;1 for the revised disclosures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Year Ended April&nbsp;1, 2017 as Compared to Year Ended
April&nbsp;2, 2016, page 125 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>15.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please expand your disclosure to quantify how much of the volume increase in units was due to orders by FEMA during the year ended April&nbsp;1, 2017. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised the disclosures in the Preliminary Proxy Statement as you
requested. I refer you to page 130 of Amendment No.&nbsp;1 for the revised disclosures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Liquidity and Capital Resources, page 133 </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>16.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>In your discussion of cash flows for fiscal 2017, you state that the increase in cash and cash equivalents was primarily driven by increased operating income offset by working capital changes. Please expand your
narrative to more fully discuss and quantify such working capital changes, including the fluctuations to accounts receivable, inventories and accrued expenses. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement to expand
the narrative of the working capital changes, including the fluctuations to accounts receivable, inventories, and accrued expenses for fiscal 2018, as you requested. I refer you to pages 138-139 of Amendment No.&nbsp;1 for the revised disclosures.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Contractual Obligations and Commitments, page 134 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>17.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>We note, based on footnote (1), that your table of contractual obligations excludes the related interest on your long-term debt obligations. Please revise your table, or provide a footnote disclosure, to include the
estimated cash requirements for interest on your long-term debt. Refer to Item 303(a)(5) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> and footnote 46 of SEC Interpretative Release
<FONT STYLE="white-space:nowrap">No.&nbsp;33-8350.</FONT> </B></TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
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 of 9 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2018 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised the
disclosures in the Preliminary Proxy Statement to include a footnote to the long-term debt obligations table detailing the estimated cash requirements for interest on Champion Holdings&#146; long-term debt. I refer you to page 139 of Amendment
No.&nbsp;1 for the revised disclosures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Critical Accounting Policies, page 136 </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Reserves For Self-Insured Risks, page 137 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>18.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please disclose the excess loss limits associated with each risk you are self-insured for, including but not limited to general insurance, product liability, workers&#146; compensation, auto, health and property
insurance. Please also disclose the nature of each risk for which you do not have excess loss limits. </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>:
In response to the Staff&#146;s comment, the Company has revised the disclosures in the Preliminary Proxy Statement on excess loss limits associated with insurance programs as you requested. I refer you to page 142 of Amendment No.&nbsp;1 for the
revised disclosures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Unaudited Pro Forma Condensed Combined Financial Information of Skyline Champion Corporation, page 147 </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>1. Basis of Presentation, page 154 </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;You disclosed that the interim unaudited pro forma condensed combined financial data have been compiled using the financial
information for Skyline for the six months ended December&nbsp;3, 2017 and November&nbsp;30, 2016. Since Champion Holdings&#146; most recent fiscal period end is the nine months ended December&nbsp;30, 2017, Champion Holdings derived the <FONT
STYLE="white-space:nowrap">six-month</FONT> fiscal period ended December&nbsp;30, 2017 from internal financial information in order to combine with Skyline in the unaudited pro forma condensed combined financial statements. Given that you have
compiled the income statement for the year ended May&nbsp;31, 2017 for Skyline with the income statement for the year ended April&nbsp;1, 2017 for Champion Holdings, please tell us how you determined that it was appropriate to derive the <FONT
STYLE="white-space:nowrap">six-month</FONT> fiscal period ended December&nbsp;30, 2017 for Champion Holdings with the six months period ended December&nbsp;3, 2017 for Skyline. Please specifically address why you used the <FONT
STYLE="white-space:nowrap">six-month</FONT> period ended December&nbsp;30, 2017 for Champion Holdings rather than the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended September&nbsp;30, 2017. Please cite the accounting literature used
to support your conclusion. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company respectfully submits that the
Company considered Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> Rule <FONT STYLE="white-space:nowrap">11-02(c)(3)</FONT> and the Division of Corporation Finance Financial Reporting Manual Section&nbsp;3330.1 and 3330.2 in its determination
to combine the <FONT STYLE="white-space:nowrap">six-month</FONT> fiscal period ended December&nbsp;30, 2017 for Champion Holdings with the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended December&nbsp;3, 2017 for Skyline. In this
regard, the Company considered the following facts: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended December&nbsp;30, 2017 represents the most recent interim period financial information for Champion Holdings; and </TD></TR></TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
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 of 9 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2018 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">the <FONT STYLE="white-space:nowrap">six-month</FONT> period ended December&nbsp;30, 2017 selected for Champion Holdings most closely aligns with Skyline&#146;s <FONT STYLE="white-space:nowrap">six-month</FONT> period
ended December&nbsp;3, 2017 (five months of overlap in the combined pro forma financial statements as presented compared to four months if using the period ended September&nbsp;30, 2017). </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Finally, in accordance with the literature referenced above, the Company has included applicable quantitative and narrative disclosure about
Champion Holdings&#146; net sales, gross profit, selling, general and administrative expenses, and net income for the three months ended July&nbsp;1, 2017 not included in the unaudited pro forma condensed combined financial information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note 4(b), page 158 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>20.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please revise your disclosure to provide the calculation of the special dividend for each of Skyline and Champion Holdings. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised its disclosures in the Preliminary Proxy Statement to
provide additional definition of the calculation of the special dividends, reference to the definitions per the Exchange Agreement, and the dividend calculations presented in tabular format. I refer you to page 164 of Amendment No.&nbsp;1 for the
revised disclosures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note 4(h), page 159 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>21.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please explain to us how you determined that a reversal of the valuation allowance, due to your assertion that the deferred tax assets are more likely than not to be realized, is factually supportable. Refer to Rule <FONT
STYLE="white-space:nowrap">11-02(b)(6)</FONT> of Regulation <FONT STYLE="white-space:nowrap">S-X.</FONT> </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company performed a review of its deferred tax assets including their respective
expiration dates, the combined company&#146;s expected tax structure, applicable change of control provisions and limitations, and reviewed the combined company&#146;s projected profitability. Based on those reviews, we believe the reversal of the
valuation allowance to be factually supportable and have updated the disclosures in the pro forma footnotes to provide additional details on the procedures performed. I refer you to page 165 of Amendment No.&nbsp;1 for the revised disclosures. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>22.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please expand your footnote to show how the adjustment to depreciation expense is split between cost of sales and selling, general and administrative expenses for each period presented. Please also expand your
disclosure to show the range of estimated useful lives by separate asset classes within property, plant and equipment. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company has revised the disclosures in the Preliminary Proxy Statement to
provide additional detail of the adjustment to depreciation expense and the split between cost of sales and selling, general and administrative expenses for </P>
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 of 9 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2018 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
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each period presented. The Company is also providing additional disclosure on the range of estimated useful lives by separate asset class. I refer you to page 166 of Amendment No.&nbsp;1 for the
revised disclosures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note 4(q), page 161 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>23.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>We note that you have removed interest expense related to your previous debt arrangements. You indicate that the final amount of debt to be incurred by the combined entity, the amount of new deferred financing fees,
and the related impact on interest expense has not yet been determined. Please confirm whether you will revise your pro forma financial information to include the impact of your new debt arrangements once the terms have been determined. If you
revise your disclosure, please disclose whether the interest rates on your debt arrangements are fixed or variable. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the Company removed interest expense only related to the previous Skyline debt. It
has not yet been determined whether the Champion Holdings debt will be amended or replaced concurrent with the closing of the Exchange. If the Company concludes that the Champion Holdings debt will be amended or replaced, the pro forma financial
information that would be impacted by such amendment or replacement will be updated to include the impact of the new arrangement. The Company also has revised the disclosures in the Preliminary Proxy Statement to reference that Champion
Holdings&#146; current debt is on a variable rate basis. I refer you to page 167 of Amendment No.&nbsp;1 for the revised disclosures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note 4(s),
page 161 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>24.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please tell us how you determined that it was appropriate to eliminate net currency translation loss recognized by Champion Holdings. Please specifically tell us how you determined that this adjustment is factually
supportable. </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the elimination of the net currency translation
gains and losses related to intercompany debt of Champion Holdings denominated in <FONT STYLE="white-space:nowrap">non-functional</FONT> currencies. Such intercompany debt has subsequently been settled per the terms of the Exchange Agreement, thus,
the combined company will no longer be subject to those gains and losses. The Company has revised the related disclosures to reference the retirement of Champion Holdings&#146; intercompany debt. I refer you to page 167 of Amendment No.&nbsp;1 for
the revised disclosures. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note 2. Summary of Significant Accounting Policies, page <FONT STYLE="white-space:nowrap">F-10</FONT> </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Revenue Recognition and Repurchase Agreements, page <FONT STYLE="white-space:nowrap">F-11</FONT> </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>25.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please disclose the revenue recognition policy for your transportation services subsidiary, Star Fleet Trucking, as well as the percentage of revenue attributable to this business line. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, disclosure has been added regarding the revenue recognition policy of Champion
Holdings&#146; transportation operations and the percentage of revenue attributable to those operations. I refer you to page F-12 of Amendment No.&nbsp;1 for the revised disclosures. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
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 of 9 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 4, 2018 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Note&nbsp;15. Subsequent Events, page <FONT STYLE="white-space:nowrap">F-41</FONT> </U></B></P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>26.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please revise your disclosure to indicate the date through which subsequent events were evaluated. Refer to ASC
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">855-10-50-1a.</FONT></FONT></FONT> </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Response</U>: In response to the Staff&#146;s comment, the disclosures in the Preliminary Proxy Statement have been revised as you
requested. I refer you to page F-41 of Amendment No.&nbsp;1 for the revised disclosures. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;* </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company respectfully requests the Staff&#146;s assistance in completing its review of Amendment No.&nbsp;1 as soon as possible. Should you
have additional comments or questions, please contact me at (317) <FONT STYLE="white-space:nowrap">231-7333,</FONT> or by email at dhooper@btlaw.com. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sincerely,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ David P. Hooper</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">David P. Hooper</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">cc:&nbsp;&nbsp;&nbsp;&nbsp;John C. Firth, <I>Skyline Corporation</I> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Richard W. Florea, <I>Skyline Corporation</I> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Jon S. Pilarski, <I>Skyline Corporation</I> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
