Because I'm from Iowa, and as most know, a big Knight fan....I recently went to the Inventory Reduction Sale at Knight in Centerville, Iowa.
They do an inventory reduction every five years. It just so happened that this sale coincided with the announcement of their closing.

I had a chance to speak to five different individuals, one of which was the former Director of Operations of Knight in Centerville.

Officially, they would not comment.

Unofficially, they all said they thought someone was going to purchase Knight, though they remained rather tight lipped as to who the players were.

That said...

I would not be afraid to buy ANY bolt action Knight rifle. They make (made) the finest bolt action available. Parts are plentiful, and there are tons of parts and rifles on the market. Except their most accurate out of the box offering, the Elite, as production was somewhat limited.

THAT is what Knight knows and does the best.

Customer Service always was, and remains a huge priority. And why not...who would want to purchase a company with a reputation for bad service.

Lets hope Knight Rifles is purchased by someone with vision (no pun intended) who will set about healing the wounds left by EBSCO/PRADCO and some of their goofy inventions, and re-build on legacy of the bolt gun.

I had a chance to; heft, pick up, feel, mess with, drool on, and examine the Ultimate Slam. THAT will be their playing card to return and regain their market share.