Bankrupt Gun Maker Remington Outdoor to Be Broken Up and Sold

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Gun maker Remington Outdoor will be broken up and sold after a multiday bankruptcy auction, in which seven different buyers won the bidding for parcels of the company’s weapons and ammunition holdings.

Sales of Remington’s ammunition- and weapons-manufacturing business, the Remington brand and others will bring in at least $155 million to be applied against the company’s debts.

Lawyers…

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