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Author Topic:   OMC Financial Woes
hauptjm posted 11-13-2000 03:26 PM ET (US)   Profile for hauptjm  
Has anyone heard any news regarding OMC? Several months back, they were in the news for their financial crisis. Also, good news for Brunswick: it seems the U.S. Supreme Court affirmed the lower district reversal of the $133 million anti-trust lawsuit. The lawsuit was brought on by a group of independent boat builders back in 1998. The local court first found Brunswick guilty and awarded $44 million, then trebled the damages. Brunswick put out a news-release November 6th.
Georgian Bay Boater posted 11-13-2000 03:43 PM ET (US)     Profile for Georgian Bay Boater  Send Email to Georgian Bay Boater     
I think the article also included something about Mercury (Brunswick) having to purchase a certain number of Volvo Penta Outdrives or Engines to put into thier boats. Volvo Penta has also started using composite props OEM. Lots of useless information for all interested.
hauptjm posted 11-13-2000 04:33 PM ET (US)     Profile for hauptjm    
Addendum to earlier post:

In this same press release it was also announced that the sale of the other divisions (Zebco, igloo, etc.) was called off. No explanations.

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bigz posted 11-14-2000 05:39 AM ET (US)     Profile for bigz    
Might want to read second from last post in this thread --- on current OMC situation

hauptjm posted 11-14-2000 09:30 AM ET (US)     Profile for hauptjm    

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