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.
Search sponsored by:
Two buildings in a budding Republic industrial park just might be the welcome mat officials need.
“We think it’s a good thing if every employee has a number of choices. Maybe they’ll want to stay and make a career at Amazon and we welcome that,” says Juan Garcia, Director - Associate …