Remington firearms
I just heard that Remington got sold to a concern named GERBERUS LP?
Anybody know who this is? Another American icon down tne toilet.
Who's next? Ruger?
KEN
Anybody know who this is? Another American icon down tne toilet.
Who's next? Ruger?
KEN
0
-
quote:Originally posted by kooch 44
I just heard that Remington got sold to a concern named GERBERUS LP?
Anybody know who this is? Another American icon down tne toilet.
Who's next? Ruger?
KEN
Then we will probably lose Hi Point after Ruger[:(].0 -
You mean this?
NEW YORK--(BUSINESS WIRE)--In connection with the current consent solicitation by Remington Arms Company, Inc. with respect to its 10 ?% Senior Notes due 2011 (CUSIP No. 75957AE1), a large holder of Remington Arms Senior Notes, represented by Bracewell & Giuliani LLP, desires to discuss with other Senior Noteholders certain contractual issues of mutual interest. Other Senior Noteholders who might have an interest in the discussions should contact the holder's counsel, Evan Flaschen at Bracewell & Giuliani LLP, 860.256.8537.0 -
kooch 44,
Welcome to the GB forums!
Yes, Remington has been sold to Cerberus:
Equity firm buys Remington Arms
The $370 million acquisition of historic Remington Arms by a New York City private-equity firm has left the upstate New York community of Ilion feeling somewhat unsettled -- but also hopeful for a better future.
The 191-year-old gun maker was purchased by Cerberus Capital Management. Cerberus is buying Remington for about $118 million and taking on its $252 million in debt.
While Cerberus officials said they saw ``tremendous value'' in Remington, they indicated little else about the direction they will take the company. The sale is expected to be completed in June.
There are dozens of articles about this deal so use a good search engine to locate more of the details.
Best.0 -
These guys already own Bushmaster. 0
Please sign in to leave a comment.
Comments
4 comments