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To: SERKIT

Valjar’s parents were US citizens, she was born in Iran, so she isn’t a NBC. IIRC father was black, mother white.


403 posted on 06/28/2020 9:21:41 AM PDT by little jeremiah (Courage is not simply one of the virtues, but the form of every virtue at the testing point.)
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To: little jeremiah

Report: Remington Preparing to File for Bankruptcy, Could End up in Hands of New Group

https://www.westernjournal.com/report-remington-preparing-file-bankruptcy-end-hands-new-group/

EXCERPT:

In what could be a major change of direction for America’s oldest maker of firearms, Remington Arms Co. is planning to file for bankruptcy and is in what are described as “advanced talks” to sell the company to Navajo Nation, according to a new report.

Remington filed bankruptcy in 2018, the same year that the Navajo Nation made its previous attempt to buy the company. At the time, the deal was controversial because the Navajo would have dropped Remington’s AR-15 line of semi-automatic rifles, according to The New York Times.

This time around, Remington is making plans for the Navajo Nation “to serve as the lead bidder to purchase Remington’s assets out of chapter 11,” according to the Wall Street Journal. The Journal based its report on individuals it did not name.

The Journal noted that the deal is not cast in stone. It said the Navajo Nation could make its bid as soon as Friday, but also said there is no guarantee the offer will surface at all.

Any bid for the company could be subject to any competing offers that arise as well as approval from bankruptcy court.

Remington was founded in 1816 by Eliphalet Remington. The company currently makes guns in Ilion, New York, and Hunstville, Alabama.

Remington has not only battled the headwinds that have stalked the firearms sector, it has faced a major lawsuit in connection with the 2012 shooting at Sandy Hook Elementary School in Newtown, Connecticut.


405 posted on 06/28/2020 9:28:09 AM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. (Psalm 32:12))
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