YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
U.S. gunmaker Remington Outdoor Co. announced it will file for Chapter 11 bankruptcy.
"Difficult industry conditions make today's agreement prudent," said Jim Geisler, Remington's executive chairman, in a statement released by the company on Monday.
Through the restructuring, Remington wants to cut its debt by $700 million and put $145 million in new capital into its business units.
Read more from MarketWatch.
Connected to Watkins Elementary School is a new storm shelter now under construction.
Updated: Systematic Savings Bank to be acquired in $14M deal
STL construction firm buys KC company
Webster University's deficit triples
‘Dress for your day’: Companies are relaxing dress codes amid evolving ideas about fashion
Missouri House speaker accused of obstruction in ethics probe
Former CoxHealth colleagues starting communications firm
Developer targets opening by month's end for $10M apartment complex