Remington has been sold?

[longbowman2]

I heard that Remington has been sold to an overseas company. Is this correct?

[MinnFinn]

Yep... to an "investment group"...
"acquired by private-equity firm Cerberus Capital Management LP in a $370 million deal."
http://www.uticaod.com/apps/pbcs.dll/article?AID=/20070406/NEWS/704060328/1009/NEWS02

So they know anything about manufacturing firearms? I doubt it.
Companies like this generally are only interested in2 things, the bottom line and selling their investments for more than they paid for them. It's too bad.