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Briggs & Stratton Corp.’s chapter is perhaps unhealthy information for bondholders owed $195 million and even worse information for lots of of retirees who’re dropping well being advantages because the Covid-19 pandemic takes a lethal toll on the nation’s aged.
On Sunday, the day earlier than the lawn-and-garden-equipment maker filed for chapter 11 chapter safety, Briggs & Stratton’s board voted to terminate well being advantages for 450 former staff and finish life-insurance safety for 4,000 former staff, efficient as of the tip of August….
