Cannondale bankrupt
01-31-03, 12:49 PM
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Cannondale bankrupt
Not sure if this was posted...
https://story.news.yahoo.com/news?tmp...e_bankruptcy_2
Business - Reuters
Bike Maker Cannondale Files for Ch. 11
Mon Jan 27, 3:40 PM ET
BETHEL, Conn. (Reuters) - Bicycle maker Cannondale Corp. (NasdaqNM:BIKE - news) said on Monday it intends to file a voluntary petition for reorganization under Chapter 11, citing problems with its motorsports unit.
https://story.news.yahoo.com/news?tmp...e_bankruptcy_2
Business - Reuters
Bike Maker Cannondale Files for Ch. 11
Mon Jan 27, 3:40 PM ET
BETHEL, Conn. (Reuters) - Bicycle maker Cannondale Corp. (NasdaqNM:BIKE - news) said on Monday it intends to file a voluntary petition for reorganization under Chapter 11, citing problems with its motorsports unit.
Last edited by tivoli_mike; 01-31-03 at 12:58 PM.
01-31-03, 01:20 PM
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Yep, do a search!
Looks like they are just filing Chpt 11, restructuring. Rumor is they will try to sell off the motorsports division and reestablish the cycling division as the stronghold they once were!
L8R
Looks like they are just filing Chpt 11, restructuring. Rumor is they will try to sell off the motorsports division and reestablish the cycling division as the stronghold they once were!
L8R
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"Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming, "WOW, What a Ride!" - unknown
"Your Bike Sucks" - Sky Yaeger
"Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming, "WOW, What a Ride!" - unknown
"Your Bike Sucks" - Sky Yaeger
01-31-03, 01:26 PM
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From a business perspective, I wonder how they justified the move into motorized sports as a natural addition to their bike business...
02-01-03, 09:05 AM
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