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Former Briggs & Stratton CEO Seeks $11.7 Million in Bankruptcy Case

October 7, 2020 | Posted in Manufacturer News

Source: Milwaukee Business Journal

Todd Teske, the former chairman and CEO of Briggs & Stratton, has filed an $11.6 million claim in the bankruptcy case seeking his share of payments that are likely to be in the range of 7-8 cents on the dollar

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Briggs & Stratton Board of Directors Focused on Executives and Themselves Rather than Innovation

By Kathleen Gallagher posted on October 1, 2020 | Posted in Manufacturer News

Was the Briggs board a mutual protection society for its top executives and, frankly, its members? Or did the board, through no fault of its own, encounter impossible obstacles and have no choice but bankruptcy?

Generac Out as Potential Buyer of Briggs

September 10, 2020 | Posted in Manufacturer News

Source: The Milwaukee Business Journal

No other prospective buyers submitted qualified bids by the deadline, and it appears Briggs will likely be sold to baseline bidder KPS at $550 million for nearly all of Briggs & Stratton’s assets.

Briggs Plans to Sell Plant, Sets Severance Payments for Employees at Wauwatosa, Wis., Plant

August 24, 2020 | Posted in Manufacturer News

Source: Milwaukee Business Journal

The United Steelworkers union represents about 330 employees at Briggs and the terminations will total about 185 of them, the company said.

Briggs Wins Approval for Fast-Track Auction, Generac Still Potential Bidder

August 20, 2020 | Posted in Manufacturer News

Source: The Milwaukee Business Journal

A U.S. Bankruptcy Court judge approved Briggs & Stratton Corp.’s proposal for a fast-track sale of the company via auction despite creditors’ objections, while recent court filings show Generac Power Systems remains in the running as a potential bidder.

Briggs & Stratton Enters into Sale Agreement, Initiates Voluntary Reorganization Under Chapter 11

July 20, 2020 | Posted in Manufacturer News

Under the terms of the agreement, an affiliate of KPS formed for purposes of this transaction has agreed to acquire substantially all of the Company's assets and assume certain customer, employee and vendor liabilities, and it would act as the stalking-horse bidder through a court-supervised sale process.

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