I got this off a sports business website; let's see if any of K2's paintball businesses are affected:

What you are about to read is true. Dan Quayle and a few sports-minded friends want help to bankroll an unspecified venture. The former vice president, football coach Lou Holtz and former K2 CEO Richard Heckmann plan to get together in a $500 million initial public offering of stock.

The trio served together on the board of K2. Jarden Corp., a spin-off of Ball Corp., agreed in April to buy K2 for $1.2 billion. Heckmann, hired in 2002 to turn around K2, will leave the company as chief executive Aug. 1, according to a recent SEC filing.

The new company, Heckmann Corp., intends to sell 62.5 million shares of stock for $8 each. But the filing doesn’t specify what will happen with the money. The SEC filing says only that Heckmann Corp. was formed May 29 “to acquire or acquire control of one or more operating businesses” and those efforts “will not be limited to a particular industry.”

Such companies are referred to as “blank-check” IPOs.

Quayle is chairman of global investments for the Wall Street investment fund Cerberus Capital Management, which last month agreed to lead the $7.4 billion buyout of Chrysler.

Alfred Osborne, an associate dean in the UCLA Anderson School of Management and a board member of K2, will join the trio in the new venture.


cool

I know that the K2 company bought WGP a few years ago... If it goes through it sounds like we can buy part ownership in WGP.

Jersey

yeah, they're opening stock, but why does Lou Holtz have anything to do with paintball lol

I think K2 has holdings in a large number of sport and recreation equipment makers.

Jersey

K2 also does online video games:

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