9-11-2001 Remembrance 9-11-20022 Big Events in USA History on this Day,~~~~~ 1 We all never will for get ~~~~~ ~~~~~ 2 The Sale of Schwinn/GT Assets ~~~~~ 09/11/2002 is the One Year Anniversary of the Sept. 11 terrorist attacks, an emotional experience that changes the world for ever, and a day we all never will for get................... Please take a time out in your day and remember all the people that has fallen on Sept. 11, 2001 A turning point in so many people's lives." _______________________________________________________________ 9-11-2001 One Year Anniversary terrorist attack on America which can only be described as an act of war. Two U.S. planes hijacked by terrorists crashed into the World Trade Center's Twin Towers in New York, another into the Pentagon in Washington D.C., and a fourth in Pennsylvania. American Airlines Flight 11, UNITED Airlines Flight 175, American Airlines Flight 77, and UNITED Airlines Flight 93 were hijacked by terrorists and flown into symbols of America in what most compare to Kamikaze tactics. This caused the World Trade Center's Twin Towers to collapse. Another crushed a portion of the Pentagon.It is believed that the plane that went down in Pennsylvania was headed for the White House. This killing more than 3,000 people in a matter of hours. Behind the staggering number of deaths are the individuals, each of whom left behind family, friends and coworkers. This has changed so many people's lives today and how we all live. Please take a time out in your day and remember all the people that has fallen on Sept. 11, 2001 A turning point in so many people's lives." 9/11/2002 - "Gene`s BMX Sends prayers out to all People in the World", ** GOD BLESS AMERICA AND ALL HER PEOPLE! ** _______________________________________________________________ 9-11-2001 One Year AnniversarySeptember 11, 2001Pacific Cycles Takes over Schwinn/GT Bicycles As Courthouse Is Evacuated  DENVER, CO. Minutes after declaring Pacific's $86 million bid the winner in the Schwinn/GT cycling auction, Judge Sidney Brooks evacuated the Federal Bankruptcy Court for the District of Colorado. Federal buildings around the nation were evacuated shortly after several terrorist attacks that morning. Today bidding for the company opened at approximately 8:50 a.m. with a bid from Huffy for $82.5 million in cash and another $1.25 million in credit. The credit amount was based on the break-up fee Pacific would have to pay Huffy for breaking its earlier deal to buy the bicycle division for approximately $63 million. Pacific immediately countered Huffy's opening offer this morning with a bid of $85 million. Huffy then countered with $84 in cash, plus the $1.25 million break-up fee. Pacific again wasted no time and offered $86 million. Huffy declined to bid further and Judge Brooks declared the Pacific's winning bid. When the building was evacuated, those attending the hearing adjourned to the courthouse steps to wait for the final word on whether or not the evacuation was indeed real. Many on the steps were on cell phones calling to check on friends, relatives and co-workers in lower Manhattan where two airplanes crashed into the World Trade Center buildings several hours earlier. Judge Brooks tentatively scheduled a hearing on the sale of Schwinn's fitness division for next morning, should federal courthouses be open for business. Direct Focus and Pacific have combined forces to buy the entire company. Schwinn executives and the creditors committee, however, are hoping to retain control of the company in order to increase its value for sale at a later time. Byron Smith, president of Mongoose Bicycles, a division of Pacific, said he was confident that today's events put his company in a good position to also acquire the fitness business with Direct Focus. |
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