Tag Archives: Brunswick stock

Brunswick Sells Life Fitness To KPS Capital Scrapping Planned Spinoff

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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

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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 »