Don’t they own “everybody”. What brands will this affect?
“Don’t they own “everybody”. What brands will this affect?”
yes.
and:
“we [Remington Outdoor Company] have some of the most globally recognized brands including Remington, Bushmaster Firearms, DPMS/Panther Arms, Marlin, H&R, The Parker Gun, Tapco, Advanced Armament Corp., Dakota Arms, Nesika, Stormlake, Timbersmith and Barnes Bullets.”
i suspect Remington Outdoor Company was designed to fail, a classic case of leveraged buyouts using money borrowed against the assets of the companies being “bought”. The owners have probably been strip-mining these companies of their real assets, and those stuck with the loans will wind up with nothing during bankruptcy.
My guess is that wall street firms put together junk bonds for the financing, took their cut, and then sold the bonds at inflated prices to retail customers. It’s how these kinds of deals always work.