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Assets of Gasoline Engine Manufacturing Business

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Listing Information

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Assets of Gasoline Engine Manufacturing Business



Price: $550,000,000.00


Other Item Info
Item #: moebke_436885
Created: 07/22/2020
Category: Business Property > All Assets or Going Concerns > Automobiles & Parts
Sale Location: New York, New York
Sale Date: Tue. Sep 1, 2020
Seller Info
Robert E. Eggmann
Debtor's Attorney
120 South Central Avenue, Suite 1800
Clayton, MO 63105
314-854-8600
Bankruptcy Info
Case #: 4:20-bk-43597
Case Title: Briggs & Stratton Corporation
Court: Missouri Eastern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of all assets of Briggs & Stratton Corporation which includes:

  1. certain transferred contracts, leases, intellectual property licenses,
  2. certain accounts receivable and negotiable instruments,
  3. all inventory;
  4. all deposits and prepaid charges related to the Acquired Assets;
  5. all owned real property;
  6. all personal property interests related to the Acquired Assets;
  7. all intellectual property owned by the Sellers,
  8. books and records related to the Acquired Assets;
  9. all permits;
  10. all claims and rights under insurance policies arising prior to the closing;
  11. all goodwill and intangibles associated with the Acquired Assets;
  12. all rights and receivables under inter company contracts;
  13. all causes of action to avoid a transfer of property or obligation incurred by the Sellers under the Bankruptcy Code and certain other laws;
  14. all causes of action of the Sellers against its former employees;
  15. certain other assets, including the underlying agreements of certain letters of credit to be replaced by the Buyer; and

The equity interests of the Sellers’ subsidiaries and equity interests held in certain joint ventures.


Sale Location

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767 Fifth Avenue
New York, NY, 10153

Additional Details

  1. Auction Time: 10:00 A.M
  2. Sale hearing on September 11, 2020
  3. Bid deposit: ten percent (10%) of the cash portion of the Purchase Price
  4. Bid increment: $1,000,000.00
  5. Bid deadline: August 28, 2020
  6. Last date to respond: September 8, 2020


Other Information

Terms and Conditions:

See Attached.


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