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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 ...
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 ...
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 ...
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.
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.
On July 28, 2020, Remington Outdoor Company filed for Chapter 11 bankruptcy protection. [11] Vista Outdoor purchased Remington's ammunition plants and brands at auction in September 2020. [ 12 ] [ 13 ] Chris Metz, Vista Outdoor's chief executive officer, said of Remington's ammunition plant in Arkansas that "during the bankruptcy the plant was ...
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