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Remington Arms preps for bankruptcy sale to Navajo Nation
NYPOST ^ | 6/26/2020 | Staff

Posted on 06/27/2020 7:02:19 AM PDT by mac_truck

Remington Arms, America’s oldest gun maker, is preparing to file for Chapter 11 bankruptcy protection and is in advanced talks for a potential sale to the Navajo Nation, The Wall Street Journal reported on Friday.

Remington is making preparations for the Native American tribe to serve as the lead bidder to purchase its assets out of Chapter 11, the Journal reported here, citing people familiar with the matter.

The report added that the filing could come with in days.

Remington had previously filed for bankruptcy protection in March 2018.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: 2ndamendment; bancruptcy; banglist; cerberus; chapter11; navajo; navajonation; nra; remington; secondamendment
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1 posted on 06/27/2020 7:02:19 AM PDT by mac_truck
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To: mac_truck

This could prove interesting...for many different reasons.


2 posted on 06/27/2020 7:03:50 AM PDT by Gay State Conservative (The Rats Just Can't Get Over The Fact That They Lost A Rigged Election!)
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To: mac_truck

Ironic.

L


3 posted on 06/27/2020 7:05:00 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: mac_truck

Sheesh. Don’t let those Injuns get their hands on good rifles.;-)


4 posted on 06/27/2020 7:05:37 AM PDT by RoosterRedux
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To: mac_truck

I liked my Remington model 742 in 30.06 caliber. Harvested a lot of venison with it.


5 posted on 06/27/2020 7:05:55 AM PDT by ASA Vet (Make American Intelligence Great Again. Bring back ASA.)
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To: mac_truck

Why not seel with other gun manufacturers?

I thought people were buying guns like crazy.?


6 posted on 06/27/2020 7:06:45 AM PDT by A_Former_Democrat (See St George's Rap Sheet . . . TAG PedoJoe with "DEFUND the POLICE")
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To: mac_truck
The company makes the Bushmaster AR-15-style rifle used in the Sandy Hook shooting that killed 20 first-graders in 2012.

Apropos of nothing. Try "The company makes the Bushmaster AR-15-style rifle used by citizens to stop BLM rioters across the country this year" and see what happens. :)

7 posted on 06/27/2020 7:07:54 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: mac_truck

So Remington is going to Begay now?

Had to throw that in. I’m intrigued how this will play out. I love these people; but they’re more third-world than Guatemala.


8 posted on 06/27/2020 7:10:11 AM PDT by Migraine
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To: mac_truck

How does a gun manufacturer go bankrupt in this environment? I cannot find some of the guns I have wanted for over two months.

They must have been to pc. I know they were in NY so that’s a big part of the problem. They waited too late to get out.


9 posted on 06/27/2020 7:10:27 AM PDT by boycott
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To: mac_truck

Firearms sales are through the roof due up all the street gangsters hooligans and burglars on the loose and lack of police law enforcement in some big Dem cities.


10 posted on 06/27/2020 7:10:57 AM PDT by faithhopecharity (Politicians are not born, they’re excreted. Marcus Tullius Cicero (106 to 43 BCE))
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To: A_Former_Democrat

Mostly handguns.....


11 posted on 06/27/2020 7:11:25 AM PDT by JBW1949 (I'm really PC.....Patriotically Correct)
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To: mac_truck

White man trying to shaft Indians once again.


12 posted on 06/27/2020 7:11:34 AM PDT by Bonemaker (invictus maneo)
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To: faithhopecharity

I have to drive 1.5 hours to find an AR for sale.


13 posted on 06/27/2020 7:12:44 AM PDT by EEGator
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To: Lurker

So if Native American tribes opened up Casinos on their land or Reservation as regular Laws did not apply, they used that loop hole as a money maker.

Now does their ownership and incorporated on their land give them exemptions to regular Laws? Hmmm


14 posted on 06/27/2020 7:13:12 AM PDT by Jimmy The Snake (Remeber)
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To: mac_truck

Who’s the chief negotiator?


15 posted on 06/27/2020 7:13:42 AM PDT by bigbob (Trust Trump. Trust the Plan)
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To: RoosterRedux
Next thing you know the Navajos will be bidding for Jack Daniels...although come to think of it there's zero chance JD going bankrupt!😎
16 posted on 06/27/2020 7:14:24 AM PDT by Bonemaker (invictus maneo)
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To: Bonemaker

Alcohol kills germs.
If you get hammered on JD, you can’t get sick...


17 posted on 06/27/2020 7:16:45 AM PDT by EEGator
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To: EEGator

Went to a local gun shop in a mid-sized MI city recently. There were three white guys and seven black guys shopping. Some of the black guys were giggling as they perused the items.


18 posted on 06/27/2020 7:17:26 AM PDT by polymuser (It's discouraging to think how many people are shocked by honesty and so few by deceit. Noel Coward)
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To: Bonemaker

Custer had it coming.


19 posted on 06/27/2020 7:17:29 AM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: A_Former_Democrat

After 11 years of the greatest gun sales boom in world history, you’ve got to think Remington has the worst management team in world history.


20 posted on 06/27/2020 7:17:37 AM PDT by Bonemaker (invictus maneo)
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