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Yet Another Potential Buyer for Schwinn/GT
 
08/02/2001
Yet Another Potential Buyer for Schwinn/GTPacific Cycles earlier this year the bought the brands Mongoose and Roadmaster from Brunswick Outdoor for $60 million. Now they have topped this with a $73.3 million offer for the bankrupt Schwinn/GT. This is in response to the Denver bankrupt judge Sidney Brooks request for competitive bids for the troubled company.

Pacific has requested a extension of the auction for Schwinn/GT until August 31st, so they can have the time to secure the needed financing. No other companys have inidicated that they will make another competing offer.

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