totalbike.gif Bicycle Productsfrontclass.gifStolen BikesBicyce RepairBicycle GallerySearch BicycleAbout Total Bike
Direct Focus Inc. is the Latest to Bid for Schwinn/GT
Direct Focus Inc. is the Latest to Bid for Schwinn/GTDirect Focus Inc. , a fitness and health products marketer, on Thursday submitted a bid for a bankruptcy auction to acquire most of the assets of bicycle maker Schwinn/GT's fitness equipment division.

Direct Focus, which markets Bow Flex and Nautilus fitness gear, said the move is part of a joint bid with Pacific Cycle, which hopes to acquire most of the assets of Schwinn's bicycle division.

A U.S. bankruptcy court in August approved a bid and auction procedure for all of the assets of Schwinn/GT's bicycle division. Direct Focus said the auction also allows bids for the entire Schwinn business, including the bicycle and fitness assets.

Direct Focus shares lost $2.83, or 10.77 percent, to $23.44 at the close of Thursday trading on the Nasdaq.

Main Menu
cycle resources
menu Home
menu Products
menu Classifieds
menu News Archive
menu Articles
menu Stories
menu Reviews
menu Blog
menu Stolen Bikes
menu Interbike
menu Repair/Tech
menu Bicycle Recalls
menu Kids Corner
menu Other

Privacy | Submit News | Corrections | Contact Total Bike

Copyright 1998-2019 All Rights Reserved