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Old 09-04-2020, 11:07 AM
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Big Uncle
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[QUOTE=Nomercy448;4380433 some industry folks are pointing to an auction of Remington business components at the end of this month./QUOTE]

The auction bids are due at 10:00 CST on September 17th. Only the prequalified bidders will participate. Afterwards the bids will be analyzed to find the best deal (or deals) for the creditors. The US Bankruptcy Court has scheduled a hearing on September 23 to review and perhaps approve the recommended bid (or bids).

The results of this sale will be interesting. There will almost certainly be new owners of the assets of the business components but it does not necessarily mean the various Remington products will disappear from the marketplace. It could mean that the operating units are relocated to more "gun friendly" states that New York. What will happen to the Alabama facilities is anyone's guess at this time.

The only thing that anybody really knows about this situation currently is that all legal fees will be paid in full. There will be winners and losers.
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