Remington filed bankruptcy again and now the Navajo Nation is looking to buy them through a bankruptcy sale. I understand that a bankruptcy sale would release Remington from any liabilities or lawsuits. The article came from the Wall Street Journal so I do not know how true any of this is. It is interesting that the Navajo would but a firearms company.
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Navajo Nation buying all Remington assets?
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Now two years later Remington is apparently back on the table and the discussion is still happening in secret. The Budget and Finance Committee, during a June 23 special meeting, tabled legislation 0133-20, sponsored by the committee’s chair Jamie Henio and co-sponsored by Speaker Seth Damon, which may have to do with the sale.
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