AMF will spin off units representing 53% of sales.
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The divestiture plan was announced by AMF director and Minstar Chairman Irwin L. Jacobs, who gained control of the company in a takeover battle earlier this year. The spinoffs are part of Jacobs’ plan to concentrate the firm’s resources on bowling, marine and a limited number of industrial businesses. He said he hopes to complete the restructuring by early next year.
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