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Briggs & Stratton Announces Upcoming Restructuring And Impairment Charges

|Includes:Briggs & Stratton Corporation (BGG)

Briggs & Stratton (NYSE: BGG announced that it plans to record up to $50 million of restructuring charges during fiscal 2012 in connection with 2 facilities consolidations and a capacity reduction at a facility in Missouri. The restructuring charges are expected to include at least $35 million of asset impairment charges. To give some perspective, BGG recorded asset impairment charges in FY07 and FY09 totaling $48 million.

Stocks: BGG