The tribe, which controls a $3.3 billion trust, offered to buy the storied gun maker for $475-525 million in cash in May as it was emerging from bankruptcy and many thought the two major shareholders, Franklin Templeton and JP Morgan Chase who swapped their debt for equity in the emerged company, would be eager to unload the politically charged investment, according to a story in the New York Times. The offer was politely but firmly rejected. Remington told the paper that it was assessing its business and required time before it would entertain talks with potential buyers.

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