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Remington filed for bankruptcy in March 2018, [32] and exited bankruptcy on May 17, 2018, less than two months later. The company's quick exit was due to a pre-approved restructuring plan supported by 97% of its creditors, which canceled all shares of common stock issued before the bankruptcy proceedings, and the issuance of new shares to ...
Remington filed for Chapter 11 bankruptcy protection in March 2018, having accumulated over $950 million in debt. Remington exited bankruptcy in May, less than two months after filing for protection under Chapter 11 laws. Remington's quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its creditors.
Remington Arms was a notable American manufacturer of firearms, founded in 1816 by Eliphalet Remington and originally known as E. Remington and Sons. The company was acquired in June 2007 by a private equity firm, Cerberus Capital Management. [2] It became part of the firm's Freedom Group, which was renamed in 2015 as Remington Outdoor Company ...
With Remington Arms' announcement that it will move its headquarters from Ilion to Georgia, here is a look at some notable moments at the company. Remington Arms: Timeline of recent events at ...
The company’s recent history has been marked by a lawsuit after the Sandy Hook school massacre and bankruptcy filings that led to new ownership of the Ilion plant, where the workforce has ...
America's oldest gunmaker, Remington Outdoor, filed for Chapter 11 to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control. Fred Katayama reports.
In December 2007 Remington Arms Company purchased Marlin. [6] Remington announced in April 2008 that it would close the Gardner manufacturing plant by the end of 2008 affecting 200 workers. [7] In March 2010, Marlin announced that it would close its North Haven plant, and move the work to Remington plants in Ilion, New York, and Mayfield, Kentucky.
KidKraft, a toy company, filed for Chapter 11 bankruptcy and said it would sell its U.S. and Canadian assets to Backyard Products. It has been in business for more than 50 years.