(Via Timebomb 2000)
Remington Ams Co, based near me in Madison, NC, has been sold to Cerberus Capital Management LP, a private-equity firm, for $118 million. The sale includes $252 million in debt (ack!).
And that's about all we know now. I don't see anything horrible here, but as gun owners we need to keep an eye on this.
Edit 4/4/2007 18:18: The Shooting Wire reports that Cerberus also owns Bushmaster so this is looking pretty good.