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Struggling Schwinn Cycling & Fitness is being acquired by Questor Partners Fund for undisclosed terms. Schwinn, which designs, manufactures and distributes cycling and fitness products, will retain its name and remain based in Boulder, Colo. The Vanguard Group said President and Chief Executive John Brennan will succeed founder John Bogle as chairman of the board of the Vanguard funds and the Vanguard Group, effective Jan. 31. Bogle will become senior chairman.