Fountain to Buy Bayliner
03-31-2008 | 11:00 PM
#1
Thread Starter
Platinum Member
Joined: Nov 2002
Posts: 4,288
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From: New Jersey
Fountain to Buy Bayliner
My friend just emailed this to me. I should have more info in the morning.
Brunswick Announces Sale of Bayliner Assets to Fountain Powerboats
LAKE FOREST, Ill., March 31 /PRNewswire-FirstCall/ -- Brunswick
Corporation (NYSE: BC) today announced the signing of a letter of intent to sell certain assets relating to its Bayliner boat business to Fountain
Powerboat Industries, Inc., of Washington, N.C. Terms of the agreement were not disclosed, and completion of the sale is subject to certain conditions.
In preparation for the transition, Brunswick plans to end production of
Bayliner boats, consistent with the end of the 2008 model year. As a result of these actions, the company said it estimates that asset write-downs, along with severance and other costs associated with the plant closure, could total between $10 million to $12 million, pre-tax.
Brunswick Announces Sale of Bayliner Assets to Fountain Powerboats
LAKE FOREST, Ill., March 31 /PRNewswire-FirstCall/ -- Brunswick
Corporation (NYSE: BC) today announced the signing of a letter of intent to sell certain assets relating to its Bayliner boat business to Fountain
Powerboat Industries, Inc., of Washington, N.C. Terms of the agreement were not disclosed, and completion of the sale is subject to certain conditions.
In preparation for the transition, Brunswick plans to end production of
Bayliner boats, consistent with the end of the 2008 model year. As a result of these actions, the company said it estimates that asset write-downs, along with severance and other costs associated with the plant closure, could total between $10 million to $12 million, pre-tax.
03-31-2008 | 11:36 PM
#5
Neno the mind boggler
Joined: Sep 2001
Posts: 13,080
Likes: 320
From: toledo oh
you waited till exactly April first to post that 
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Throttles- Cleveland Construction 377 Talon
08 OPA Class 1 National Champion
08 Class 1 Geico Triple Crown Champion
08 OPA High Points Champion
10 OPA Class 1 National Champion ( happy now Ed! )
Throttles- Cleveland Construction 377 Talon
08 OPA Class 1 National Champion
08 Class 1 Geico Triple Crown Champion
08 OPA High Points Champion
10 OPA Class 1 National Champion ( happy now Ed! )
I can't put one past this crew!
