Tag Archives: Brunswick stock

Brunswick Sells Life Fitness To KPS Capital Scrapping Planned Spinoff

Brunswick (BC) announced earlier this week that private equity firm KPS Capital Partners will acquire its fitness business for $490m in cash, ending the unit’s planned spinoff. Brunswick paid over $300m for the business back in 1997, but sales have been declining over the past few years. Brunswick CEO David Foulkes noted that ‘with the sale of the… Read More »

Owl Creek Urges Brunswick To Take Fitness Division To Spin Class

Boats, billiard tables and fitness equipment. Three years after the sale of its iconic bowling business, Brunswick(BC) continues to house a diverse and unconnected set of products. When a company is in such disparate businesses, it is only a matter of time before an activist investor comes along, urging a spinoff. That day arrived for Brunswick last week,… Read More »