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SCHWINN GOES OFF-ROAD WITH PURCHASE OF GT BICYCLES

          CO-based Schwinn Holdings Corp. announced plans to
     acquire CA-based GT Bicycles in a deal valued at "about"
     $180M.  Schwinn, a privately-owned company, said it will pay
     $8 a share for GT's 10 million shares of outstanding common
     stock, as well as assume $100M of GT's debt.  On Monday, GT
     shares were up $2.375, closing at $7.125 per share on the
     NASDAQ.  GT makes off-road mountain bikes and BMX bikes for
     young adults (DENVER POST, 6/23).  Together, Schwinn and GT
     "will rival Trek as the largest U.S. bike maker to sell
     through independent dealers" (DENVER POST, 6/23).
          
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