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Discussion in 'News Articles' started by LOCKHART, Feb 13, 2018.
Screw those commie metric rounds. Sounds like more Nazi shit to me. Fascist commies!
Man that was my first firearm was a Remington 1911 R1 and I thought it was made perfectly. I saw no quality flaws to be honest but this is truly sad.
Didn't Colt just go through Chap. 11 a couple years back?
More than a couple years.
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Cerberus Hands Gunmaker to Wall Street Creditors at Tense Moment
"Amid rage over the Feb. 14 Florida school shooting, Feinberg’s Remington Outdoor Co. is trying to pull off a swift trip through the court. The process will hand ownership of the guns-and-ammunition conglomerate from Feinberg’s private investment firm, Cerberus Capital Management, to such well-known names as Franklin Resources Inc. and JPMorgan Asset Management and their broad customer bases.
"The soon-to-be owners, who still must line up fresh financing, won’t operate the company for long, according to people with knowledge of the matter. They’ll seek to sell it in whole or part soon after the reorganized firm emerges from bankruptcy court, the people said."
More at: https://www.bloomberg.com/news/arti...aker-to-wall-street-creditors-at-tense-moment
If I am not mistaken, I think some of the tax law changes discourage the highly leveraged takeovers. This should help.