$65 million dollar bid

Discussion in 'Ammunition & Reloading' started by Diesel3, Sep 15, 2020.

  1. MisterMcCool

    MisterMcCool Well-Known Member Supporter

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  2. bluez

    bluez Well-Known Member

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    Sad.
    Remington has some actual calibers named after it.. that name ought to be Gold even now..
     
  3. microadventure

    microadventure Well-Known Member

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    I will wait to put my bid in until after the election.
     
    Rifling82 likes this.
  4. Chainfire

    Chainfire Well-Known Member Supporter

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    If I bought it do you think I could score some 9MM?

    Remington is probably suffering from the same fate of other old established businesses. People buy the company and come in and immediately suck all of the value out of it and then throw what is left in assets, physical and human, on the street for sale.
     
    bluez and W.T. Sherman like this.
  5. primer1

    primer1 Well-Known Member Supporter

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    Then there is that lawsuit with the school shooting that coats a pretty penny or two.
     
  6. G66enigma

    G66enigma Well-Known Member

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    What was this? Some lawsuit claimed the ammo was to blame, or some such?

    Not that it should matter to a firm acquiring certain assets of another firm, though. I'm guessing, but I suspect it's a purchase strictly of the trademarks, patents, machinery, inventories and customer lists; leaving all liabilities and other thorny problems in the hands of Remington.
     
  7. microadventure

    microadventure Well-Known Member

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    jigs-n-fixture likes this.
  8. G66enigma

    G66enigma Well-Known Member

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    Plus the assumption of liabilities. Hm. Am surprised. The new investors must feel they can pay down those liabilities with the turnaround plan. Good for them, if they can do it.
     
    Diesel3 likes this.