Bankruptcy officer tags Ranger as Genmar’s best asset

Author:
Publish date:
Social count:
0

Ranger Boats, based in Flippin, Ark., was determined to be the biggest prize owned by Minnesota-based Genmar Holdings as the company moves toward an auction of assets.

A Midway manufacturer now pulling double-duty as an officer of the Minnesota District U.S. Bankruptcy Court says Ranger will be the biggest prize as Genmar moves toward an auction of assets, according to a report in the Baxter Bulletin.

The bankruptcy pleadings that began June 1 changed direction last week when partners, stakeholders and the judge decided an auction was the best way to bring in investor money.

Click here for the full article.

Related