https://www.wsj.com/articles/massive-de ... ge=1&pos=1
The above link only has the stub of an article since I don't have a paid subscription to the Wall St. Journal.
The WSJ edition of 4/14/18 ran a piece on Remington's imminent declaration of bankruptcy.
Cerberus Capital Management bought Bushmaster (AR-15 folks) in 2006.
In 2007, Cerberus bought Remington for $118 million, plus assumed $252 million of debt.
The crushing debt is the main reason Remington will declare bankruptcy.
Remington has recently spent $100 million to upgrade facilities.
It's unknown whether Remington will go out of business, reorganize, or be sold to someone.
SIA
Remington likely to file bankruptcy by 3/18/18, per WSJ.
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surprise_i'm_armed
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Remington likely to file bankruptcy by 3/18/18, per WSJ.
N. Texas LTC's hold 3 breakfasts each month. All are 800 AM. OC is fine.
2nd Saturdays: Rudy's BBQ, N. Dallas Pkwy, N.bound, N. of Main St., Frisco.
3rd Saturdays: Golden Corral, 465 E. I-20, Collins St exit, Arlington.
4th Saturdays: Sunny St. Cafe, off I-20, Exit 415, Mikus Rd, Willow Park.
2nd Saturdays: Rudy's BBQ, N. Dallas Pkwy, N.bound, N. of Main St., Frisco.
3rd Saturdays: Golden Corral, 465 E. I-20, Collins St exit, Arlington.
4th Saturdays: Sunny St. Cafe, off I-20, Exit 415, Mikus Rd, Willow Park.
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Grundy1133
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Re: Remington likely to file bankruptcy by 3/18/18, per WSJ.
I thought htey already DID file for bankruptcy?
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