Briggs and Stratton Corp (BGG) News

LMAO... that's funny.. Not sure where this person got their info but I work for briggs(now kps). After they payed the execs 5 mil each and filed bankruptcy 2 days later. They were out for sure. Not sure what kind of hope ppl were trying to hold on to here. Just popped in cause I was curious if there was even a share price left.

BGGSQ BK PLAN effective. All shares cancelled. The stock was up 14% to .16 on 950,000 volume despite the PLAN clearly stating the shares would be cancelled. Quite incomprehensible.

https://otce.finra.org/otce/dailyList?viewType=Deletions

when

this post didn't age well

Holy Sheet, .28 KABOOOMAGE End of Day Massive Loading!!! $$$$ .30's .40's .50's all the way to 1.00 incoming!!

This is Setting up to explode above .40 - .50 this week! Perfect Consolidation near Breakout Trigger above .36 You will remember this day, I told you to Buy when you had the chance to load up under .30 ^^^^^ 400 Ticks Green Candle Baby!!! $$$

.28 Now and climbing BOOOM!! Better Load up now while still under .36 Breakout Trigger!! UPLMQ did the same strategy, from 8.00 they Filed for BK then let it Tank hard to .16 then they announced that they were re-merging for BK stock exploded from .16 back to the 8.00's LOL Its about getting rid of the huge Debt!!!

Can you explain or tell me were to find the information that says the commons are going to be intact ??? Thank you.

Idiots sitting @ the Bids are Fools, MMs Wont fill your bids anymore, Slap the ASk hard all the way to .50 Cheezus!!!

Its like a Brand Spanking new company with a new CEO, starting Out fresh!! NO DEBT!!!!

I already Explained it, Reason they made it crash hard to .09 from 26.00 to get everyone to sell when they filed for Bankruptcy, Enter KPS Capital Partners Buying all their assets and Loading up 42 Million Shares under 1.00 $$$ BOOOM!!!

So you are saying they are going to buy back all the o/s which is 42 million and change? Going Private?

KPS Capital Partners are the new owners, $900 Million Debt All Wiped Out as part of the BK re-organization!! KPS will be loading up 42 Millions shares right here right now!!!! $$$

So where does it say shareholders survived?

People here dont know how to play post Bankruptcy and Bankruptcy company reorganization!! Cheezus!! Watch this explode like UPL from 8.00 it crashed to .16 then Bounced hard back to 8.00's HAHA $$$

Up 30% and Climbing, Nice and Quiet Explosion back to $26.00 soon!!!!! $$$$

Added 50K again @ .255 Golden Triangle formed!!! Bounce it now Baby!!

Added 50K @ .295 $$$$ FOMO begins above .35 $$$$

803,756 Buy @ .3089 Lets Go Baby $$$$

Briggs & Stratton Announces Completion of Sale to KPS Capital Partners

The Acquired Business Exits Chapter 11 Bankruptcy Proceeding

Steve Andrews Named President and Chief Executive Officer

https://www.prnewswire.com/news-releases/briggs--stratton-announces-completion-of-sale-to-kps-capital-partners-301135796.html

Slap the ASK all the way to 1.00 price wont drop anymore, its a Brand spanking new company with no debt!! $$$$

Company who took over and bought all their assets manages $15 Billion in assets!! $$$$ $900 Million Wiped Out clean!!

Loaded 300K from .27 See y'all back @ 26.00 $$$$$ 900 Million Debt Erased!! $$$$ BOOOOM

BRTXQ 0.019 shareholders are not being wiped out,judge signing off Monday final

https://www.otcmarkets.com/filing/html?id=14400144&guid=aIt6U621EjBULth

So even with the buyout the shareholders are going to be wiped out? Asking because my nephew is wanting to buy a bunch of this. Read the 8K but seems like the shareholders would be okay with a buyout. Don't really know that much about Q stocks but made a little money on a couple that survived.

The Company expects that its equity holders will experience a complete loss on their investment, depending on the outcome of the Chapter 11 process.

The only thing holding it up is short covering and OTC Pink gamblers.

wiping out...story of your trading life. lol lol

Pumping it up to dump the Worthless paper to the Fools! LOL! All Common shares are worthless already and will be Cancelled Shortly!

Yet the stock is up 35% today after they more less confirm nothing for commons. Bizarre..yet JCPNQ has multiple interested parties and acts like it’s also completely confirmed zip. Welcome to clown world

Yep. All BGGSQ Common shares will be Wiped out Shortly!

"The Company expects that its equity holders will experience a complete loss on their investment, depending on the outcome of the Chapter 11 process."

No question, the common stock is worthless. It will be wiped out in the bankruptcy, and anyone holding Briggs common shares will lose 100% of their investment.

https://www.sec.gov/ix?doc=/Archives/edgar/data/14195/000001419520000053/bgg-20200720.htm

Time for Shorts to Cover I guess

World's Largest Producer Of Small Gasoline Engines Files For Bankruptcy

https://www.zerohedge.com/markets/worlds-largest-producer-gasoline-engines-files-bankruptcy

KPS Capital Partners Agrees To Acquire Substantially All Of The Assets Of Briggs & Stratton Corporation, Including Equity Of Foreign Subsidiaries

https://finance.yahoo.com/news/kps-capital-partners-agrees-acquire-104500034.html

Welcome BGGSQ to hell!!

Looking forward to trading this around..

Wow!! Wtf is happening in this world

BGG changed to BGGSQ, bankruptcy. Delisted from the NYSE to the OTC.

https://otce.finra.org/otce/dailyList?viewType=Additions

NEW YORK, July 20, 2020 /CNW/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into an asset purchase agreement with Briggs & Stratton Corporation (NYSE: BGG) and certain of its wholly-owned subsidiaries (collectively, "Briggs & Stratton" or the "Company") under which KPS will acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately $550 million.

MILWAUKEE, July 20, 2020 /PRNewswire/ -- The United Steelworkers (USW) today said that KPS Capital Partners' (KPS) acquisition of Briggs & Stratton will save hundreds of jobs at the bankrupt engine maker's Milwaukee manufacturing facility................................. The PR seems to be in French.

BK filed glad I never pulled trigger here

Filing (8-k)
July 15 2020
https://ih.advfn.com/stock-market/NYSE/briggs-and-stratton-BGG/stock-news/82863624/current-report-filing-8-k


BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

As previously reported, the Company, with the approval of the Board of Directors of the Company, chose not to make an interest payment of $6.7 million due on June 15, 2020 with respect to the Company’s outstanding 6.875% senior notes due 2020 (the “Notes”) and, as provided for in the indenture governing the Notes (the “Indenture”), entered into the 30-day grace period (the “Grace Period”) to make such payment. The Company did not make such interest payment prior to the expiration of the Grace Period, which resulted in an event of default under the Indenture. While the event of default is continuing under the Indenture, the Trustee or holders of at least 25% in aggregate principal amount of the Notes may, among other things, accelerate 100% of the principal of, and accrued and unpaid interest on, the Notes to be due and payable immediately upon such acceleration and seek immediate repayment in full of such amounts.

...with respect to its indebtedness, which could result in the Company seeking relief in bankruptcy proceedings...


FROM....Filing (8-k)
July 15 2020
https://ih.advfn.com/stock-market/NYSE/briggs-and-stratton-BGG/stock-news/82863624/current-report-filing-8-k

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES
As previously reported, the Company, with the approval of the Board of Directors of the Company, chose not to make an interest payment of $6.7 million due on June 15, 2020 with respect to the Company’s outstanding 6.875% senior notes due 2020 (the “Notes”) and, as provided for in the indenture governing the Notes (the “Indenture”), entered into the 30-day grace period (the “Grace Period”) to make such payment. The Company did not make such interest payment prior to the expiration of the Grace Period, which resulted in an event of default under the Indenture. While the event of default is continuing under the Indenture, the Trustee or holders of at least 25% in aggregate principal amount of the Notes may, among other things, accelerate 100% of the principal of, and accrued and unpaid interest on, the Notes to be due and payable immediately upon such acceleration and seek immediate repayment in full of such amounts.

The Company is continuing to engage in negotiations and discussions with respect to the Company’s indebtedness. There can be no assurance, however, that the Company will be able to negotiate acceptable terms or to reach any agreement with respect to its indebtedness, which could result in the Company seeking relief in bankruptcy proceedings.

BK at some point..sad

Why is this so beaten down?? Bought some here this morning....gltall.

https://www.clubcar.com/us/en/home.html


Briggs & Stratton enters supply pact with Ingersoll Rand, will open Georgia plant
Jun 10, 2020
https://www.bizjournals.com/milwaukee/news/2020/06/10/briggs-stratton-announces-new-partnership.html

https://www.vanguardpower.com/na/en_us/products/lithium-ion-battery-packs.html


Jun 15, 2020
Big news! We’re excited to announce our very first Vanguard commercial Battery distributor in the country.
https://twitter.com/VanguardPower/status/1272604888556593153


Lithium-Ion Battery Testing | Vanguard Commercial Power
409 views
•May 13, 2020



https://www.snapper.com/na/en_us/snapper-pro.html

Briggs & Stratton also announced that following this new agreement, it will open its new advanced battery manufacturing facility for this and other partnerships. The 78,000-square-foot facility is in Tucker, Georgia.
Jun 10, 2020
https://www.bizjournals.com/milwaukee/news/2020/06/10/briggs-stratton-announces-new-partnership.html


Rodney Storer, Club Car integrated Supply Chain Leader. "We value the in-depth knowledge and wide experience with lithium technology Briggs & Stratton brings to the partnership. Including their high-quality, automotive-grade battery system in our cars is a big win for Club Car. This battery system can be scaled and used across a broad range of applications and environments.
Jun 09, 2020
https://www.prnewswire.com/news-releases/briggs--stratton-corporation-and-club-car-announce-strategic-supply-agreement-301073004.html

BGG