Sale of Schwinn/GT takes another turn

Who's going to get Schwinn/GT? The US trade mag reports that another two bidders have revealed themselves, and both have outbid Huffy's $60m. But, Huffy may stump up more cash if the sale looked as though it was going elsewhere
Author:
Publish date:
Social count:
0

According to breaking news on http://www.bicycleretailer.com US bike supplier Pacific has lodged a $70 million offer for Schwinn/GT's cycling and fitness divisions. And US supplier Direct Focus is prepared to buy the whole group.

Schwinn/GT will be sold via a court-supervised auction and a bid for the whole group would be the most attractive deal.

The bankruptcy judge will rule on the bids from Pacific and Direct Focus tomorrow afternoon.

Featured Jobs

trek promo

Category Planner

Trek UK I Milton Keynes I Competitive Salary I Date Published Wednesday 20th March 2018