Date: 2020-08-11 08:50 pm (UTC)
ymarkov: (Default)
From: [personal profile] ymarkov
[сочувственно] Банкротство такое банкротство. Акционерам редко когда что-то достаётся. И в этом случае все $550 млн. уйдут кредиторам. KPS вообще очень довольны текущим бардаком, скупают качественные компании по дешёвке: Lufkin Industries, AM General, ещё что-то, что пока секрет...

Что мне нравится: эти ребята именно что строят бизнесы, а не распродают по частям.

Из пресс-релиза:

We intend to capitalize on the Company’s many attractive growth opportunities and to support its already substantial investment in research and development, technology and new product development. KPS intends to grow the new Briggs & Stratton aggressively through strategic acquisitions.

KPS is committed to the expeditious acquisition of Briggs & Stratton to provide certainty of outcome and confidence in the new Company’s future for all of its stakeholders, including customers, employees and suppliers. The Company and its stakeholders will benefit from KPS’ demonstrated commitment to manufacturing excellence, continuous improvement, global network, access to capital and significant financial resources. The new Briggs & Stratton will be conservatively capitalized and not encumbered by its predecessor’s significant liabilities.

We thank the United Steelworkers of America for its support of our acquisition of the Company.
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Yisroel Markov

June 2025

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