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Article Date: September 2020
Word Count: 505

Vista Outdoor and Six Others Pick Over Remington’s Bones


VSTO was the biggest spender at the bankrupt gun maker’s asset auction, bidding $81.4 million for most of Remington’s ammunition business, with Clarus, Sturm, Ruger, Sportsman’s Warehouse, Franklin Armory and two PE firms also acquiring pieces. A vigorous auction process ran longer than expected last week, leading the court to postpone the sale hearing. Four winning bids that were disclosed in court filings totaled almost $155 million, but the final tally including smaller bids will likely exceed that. The outcome of the auction will still need to be approved by the AL bankruptcy court, in a hearing that is now ... Log in to view full article.

 


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