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Brunswick's Spin‑Off of Fitness Business

On March 1, 2018, Brunswick Corporation (“Brunswick”) announced that its Board of Directors has authorized proceeding with a spin‑off of its Fitness business. Following the proposed transaction, the Fitness business will be an independent, standalone, publicly traded company, “FitnessCo”. FitnessCo (which will be formally named at a later date) will remain a global leader in commercial fitness equipment and billiards game tables and furnishings, and Brunswick, comprised of the Marine Engine and Boat segments, will remain a global leader in recreational marine products. Cravath is representing Brunswick in connection with the transaction.

The Cravath team is led by partners Robert I. Townsend III, Andrew J. Pitts and Keith Hallam and includes senior attorney Christopher J. Kelly and associates Martin P. Pepeljugoski and Madeleine S. Shiff on corporate matters; partner Jennifer S. Conway on executive compensation and benefits matters; and partners Andrew W. Needham and Christopher K. Fargo, senior attorney Andrew Carlon and associate Andrew T. Davis on tax matters.