A beneficent billionaire should buy Remington | Smart
Having massacred some $700 million of creditors’ wealth, Remington finds itself with a group of reluctant lenders and accidental shareholders who just want out in a hurry.
Breakingviews – Cox: A beneficent billionaire should buy Remington
(Reuters Breakingviews) – It’s hard to take pity on Remington, the firm that manufactured the assault-style rifle used to murder 20 first-graders and six of their teachers at Sandy Hook Elementary School in 2012. But the gunmaker’s bankruptcy is undeniably pitiful.