March 1, 2018 / 1:11 PM / 4 months ago

BRIEF-Brunswick Announces Plans To Spin-Off Fitness Business

March 1 (Reuters) - Brunswick Corp:

* BRUNSWICK CORPORATION : BRUNSWICK ANNOUNCES PLANS TO SPIN-OFF FITNESS BUSINESS

* BRUNSWICK CORP - MARK SCHWABERO TO REMAIN CHAIRMAN AND CEO OF BRUNSWICK; JAIME IRICK TO LEAD FITNESSCO

* BRUNSWICK CORP - ‍BOARD OF DIRECTORS HAS AUTHORIZED PROCEEDING WITH A SPIN-OFF OF ITS FITNESS BUSINESS​

* BRUNSWICK CORP - ‍FOLLOWING SPIN-OFF, BRUNSWICK WILL COMPRISED OF MARINE ENGINE AND BOAT SEGMENTS​

* BRUNSWICK - FOLLOWING PROPOSED DEAL, FITNESS BUSINESS WILL BE INDEPENDENT, STANDALONE, PUBLICLY TRADED CO, "FITNESSCO"

* BRUNSWICK - PROPOSED TRANSACTION IS ANTICIPATED TO BE TAX-FREE TO CO'S SHAREHOLDERS FOR U.S. FEDERAL INCOME TAX PURPOSES

* BRUNSWICK CORP - ‍PROPOSED TRANSACTION IS PROJECTED TO BE COMPLETE BY END OF Q1 2019​ Source text for Eikon: Further company coverage:

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