Post by Hardcorehunter on Apr 13, 2007 19:27:12 GMT -5
Gun maker Remington Arms is sold to Cerberus Capital
Private equity firm Cerberus Capital Management will buy closely held firearms maker Remington Arms for $118 million, the companies said Thursday.
As part of the acquisition of Remington, which makes guns for hunting and for police and military uses, Cerberus has agreed to assume $252 million of debt, including a revolving credit line and subordinated notes.
Private equity firm Cerberus Capital Management will buy closely held firearms maker Remington Arms for $118 million, the companies said Thursday.
As part of the acquisition of Remington, which makes guns for hunting and for police and military uses, Cerberus has agreed to assume $252 million of debt, including a revolving credit line and subordinated notes.
