06-19-2008, 10:34 PM
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#11
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mikeyt is currently offline
Status: Platinum Contributor
Join Date: Jul 2007
Location: Ontario
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My Year: 1996
My Model: Shabah 180
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Quote:
Originally Posted by milemarker60
No real-estate or facilities included in the sale but all tooling, molds, supplies, parts and intellectual property were. Baja was a Brunswick Company as is Mercruiser/Mercury. If you notice Fountain of late they are Fountain/Mercury so Brunswick has had a cash position in Fountain to some level already. Definitely an inside deal as Baja was not offered up for public sale. Brunswick had been complaining about Baja's sales of late and reportedly felt it natural to solicit one of their partners to put it back on the map. The loan is irrelevant to the sale buy my guess is it was a loan issued from Brunswick to continue its infusion/partnership with Fountain and a way to streamline their own operation. Reggie claims that 2009 Bajas by Fountain will be available by the end of this year.
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hmmmm.....figgered there had to be an explanation for the loan stuff.
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