Us Gunmaker Remington Emerges From Bankruptcy

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– Remington Outdoor Co Inc FREDM.UL, one of the largest U.S. makers of firearms, emerged from Chapter 11 bankruptcy on Thursday after completing a debt-cutting deal with creditors.

Remington, America’s oldest gunmaker, filed for bankruptcy protection in March, weeks after a shooting at a Parkland, Florida high school killed 17 and spurred an intense campaign for gun control by activists.

(Reporting by Tracy Rucinski in Chicago; Editing by Bernadette Baum)




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