Remington Outdoor announced plans to file for bankruptcy on Monday, succumbing to a “Trump slump” that whacked sales by 30 percent in its most recent quarter. The 202-year-old Madison, NC, gun maker, saddled with an enormous amount of debt, said a debt-for-equity swap would lop off $700 million of its $950 million debtload. The restructuring...
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Source: New York Post