G
Gary Young
Guest
This was on bankruptcydata.com this morning:
**** Business Bankruptcy Headlines for 5/6/2003 ****
Cannondale Sale Closed, Executive Changes Announced Cannondale Corp. announced that it has closed
on the sales of the assets of its bicycle and motorsports divisions to affiliates of Pegasus
Partners II,
L.P. Going forward, the bicycle business will be incorporated as the Cannondale Bicycle Corporation.
In addition, the Company is recruiting a chief financial officer and a chief operating officer
to bring additional stability to the business. Company founder Joe Montgomery will be a
consultant to the Company.
For more information on Cannondale: www.bankruptcydata.com/BDR.asp?ID=1955
**** Business Bankruptcy Headlines for 5/6/2003 ****
Cannondale Sale Closed, Executive Changes Announced Cannondale Corp. announced that it has closed
on the sales of the assets of its bicycle and motorsports divisions to affiliates of Pegasus
Partners II,
L.P. Going forward, the bicycle business will be incorporated as the Cannondale Bicycle Corporation.
In addition, the Company is recruiting a chief financial officer and a chief operating officer
to bring additional stability to the business. Company founder Joe Montgomery will be a
consultant to the Company.
For more information on Cannondale: www.bankruptcydata.com/BDR.asp?ID=1955