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Nat’l – Industry Insider – Remington exits Chapter 11 bankruptcy in less than two months

MONEY.CNN.COM May 17, 2018 – Remington, one of American’s oldest and best-known gunmakers, exited Chapter 11 bankruptcy in less than two months, the company announced Thursday. The company said it converted $775 million of debt into equity and successfully implemented its plan for reorganization. “It is morning in Remington country,” Anthony Acitelli, chief executive officer of Remington, said in a statement. “We are excited about the future – producing quality products, serving our customers, and providing good jobs for our employees.”  [full article]

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