Creditors of U.S. gun firm Remington said to seek quick sale following bankruptcy [Business News Network (BNN) Energy & Resources (Canada)]
Sturm, Ruger & Company, Inc. (RGR)
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Source: Business News Network
Creditors of U.S. gun firm Remington said to seek quick sale following bankruptcy Remington Outdoor Co. has only been in bankruptcy for a month, but creditors are already planning an out. The U.S. firearms and ammunition juggernaut will likely go up for sale directly following its bankruptcy, according to people with knowledge of the situation. Certain stakeholders, some of whom haven’t been publicly identified, have already started putting out feelers for potential strategic buyers, these people said. Rather than hold the collection of 13 brands that includes a 200-year-old rifle maker, ammunition manufacturers, silencer companies and traditional firearms manufacturers, the lenders will be trying to offload at a particularly fraught time. In the two months since a mass shooting at a Florida high school, the American gun business and its allies have faced increased scrutiny, nationwide boycotts and even new new firearms regulations from U.S. Congress. Despite the turmoil, gun sales ar
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- Chicago Sues Glock—Blaming Gun Design For City's Gun Violence [Forbes]Forbes
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RGR
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEF
- 4/9/24 - Form 4
- RGR's page on the SEC website