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Remington files Chapter 11 bankruptcy

Discussion in 'News Articles' started by LOCKHART, Feb 13, 2018.

  1. Younggun

    Younggun Doer of Deeds TGT Supporter Admin

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    hill co.
    Screw those commie metric rounds. Sounds like more Nazi shit to me. Fascist commies!
     


    Davetex and TheDan like this.
  2. Omegaheat

    Omegaheat New Member

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    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.
     
  3. easy rider

    easy rider Allotropic Transformer TGT Supporter

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    Didn't Colt just go through Chap. 11 a couple years back?
     
  4. jrbfishn

    jrbfishn TGT Addict

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    More than a couple years.

    Sent from my NXA8LTE116 using Tapatalk
     
  5. AustinN4

    AustinN4 TGT Addict

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    Austin
    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
     
  6. oldag

    oldag TGT Addict

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    If I am not mistaken, I think some of the tax law changes discourage the highly leveraged takeovers. This should help.
     

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