Jan 3 Recreational boat maker Brunswick Corp
said it is seeking buyers for its sportfishing
convertible yacht brands, Hatteras and CABO, to concentrate on
its other models.
The company said it expects to record related charges of
between $70 million and $80 million, a major part of which will
be taken in the fourth quarter ended December.
Analysts on average are expecting revenue of $849.45 million
for the fourth quarter, according to Thomson Reuters I/B/E/S.
"The current plan assumes that the eventual purchaser will
retain both the physical plant and the workforce of
Hatteras/CABO", Chief Executive Dustan McCoy said.
Brunswick bought Hatteras for $80 million in 2001 and CABO
for $60 million in 2006.
Hatteras, established in 1959, makes 54 feet to 105 feet
Brunswick shares were marginally down at $31.37 in trading
after the bell. They closed at $31.51 on the New York Stock
Exchange on Thursday.