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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 9:31 am 
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Location: On the wrong side of the river, Austin TX
Will this affect Remington branded ammo? Gun Club, STS, Nitro27?



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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 9:53 am 
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B.L.E. wrote:
Will this affect Remington branded ammo? Gun Club, STS, Nitro27?


Pretty sure it`ll have an affect. Obviously remains to be seen what that will be. It will be interesting to see if a year from now you`ll be able to buy a new gun or box of shells with the name " Remington " on it. One thing for certain, it won`t be a Remington that exists as an independent, stand alone company.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 10:00 am 
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Location: On the wrong side of the river, Austin TX
I certainly won't miss Remington's .22 rimfire ammo, but their shot gun shells are about all I bother to reload, with Winchester components. I don't even pick up Winchester AA hulls anymore.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 10:14 am 
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B.L.E. wrote:
Will this affect Remington branded ammo? Gun Club, STS, Nitro27?


Like how?

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 10:38 am 
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Location: On the wrong side of the river, Austin TX
RandyWakeman wrote:
B.L.E. wrote:
Will this affect Remington branded ammo? Gun Club, STS, Nitro27?


Like how?


Like, will it disappear?

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 10:59 am 
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Personally, I doubt it as the ammo line has always been profitable and popular.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 11:08 am 
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oneounceload wrote:
Personally, I doubt it as the ammo line has always been profitable and popular.


X2. The firearms division will be the most interesting, and complex I suppose, to watch.

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Remington 870 Super Magnum Turkey
Remington V3 Walnut
Remington 870 Express (Realtree Xtra camo)


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 11:36 am 
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B.L.E. wrote:
RandyWakeman wrote:
B.L.E. wrote:
Will this affect Remington branded ammo? Gun Club, STS, Nitro27?


Like how?


Like, will it disappear?


My crystal ball says no.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Wed Sep 02, 2020 4:52 pm 
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Location: ohio
My crystal says it's anyone's guess right now.....50/50 guess.....

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 1:22 am 
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Joined: Mon Mar 28, 2005 4:13 pm
Posts: 316
Now I'm wondering if I should even shoot mine ---have 2 870 Wingmasters 12 and 20 that were bought new 2-3 years ago and have never been fired---I even bought high polished blued deer barrels for each of them---the only thing keeping them from being absolutely pristine is that I pulled the sticker off the stock of each of them.


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 1:32 am 
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Quote:
PRELIMINARY STATEMENT 1.By this Motion, the Debtors seek authority to continue a marketing and sale process to sell all or substantially all of their Acquired Assets to maximize the value of the Debtors’ estates for their creditors. 2.Prior to the commencement of the Chapter 11 Cases (as defined below), the Debtors spent significant time and effort addressing their numerous balance sheet and operational challenges, including soliciting interest from potential investors and buyers. After exploring a number of alternative transaction structures and extensive good faith negotiations spanning approximately seven months, the Debtors are close to reaching an agreement with potential purchasers for the sale of a substantial portion of the Debtors’ assets as a going concern.

While negotiations are not quite final, the Debtors anticipate designating one or more stalking horse bidders (each, a “Stalking Horse Bidder”) for the various segments of its business shortly after the Petition Date (as defined below). 3.The Debtors commenced the Chapter 11 Cases with a view toward ensuring that the sale process for the sale of substantially all of their assets on a going concern basis maximizes the value to their estates, and best protects the interests of their employees, as well as secured and unsecured creditors. The Debtors believe that the Bidding Procedures for which they hereby seek approval are designed to maximize purchasers’ participation in the Sale while maintaining maximum optionality for the Debtors and their stakeholders and are both a valid exercise of the Debtors’ business judgment and consistent with their fiduciary obligations to their stakeholders. 4.The Debtors seek approval of a sale process that (i) is open to all potential bidders, including third parties and current holders of debt in the Debtors’ capital structure; (ii) protects the best interests of the Debtors’ estates and stakeholders; and (iii) preserves the Debtors’ right to exercise their fiduciary duties should a value-maximizing alternative materialize, including a plan of reorganization. This approach is grounded in the Debtors’ belief that conducting a fair and robust auction at this time is the most viable option to maximize the distributable value of their assets and elicit a market test of the bid offered by any Stalking Horse Bidder. Additionally, the Debtors’ secured creditors are supportive of the sale process. For all of the foregoing reasons and those set forth herein, the Debtors believe the sale process embodied in the Bidding Procedures is a valid exercise of their business judgment, is in the best interests of their estates and creditors, and should be approved.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 6:48 am 
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Yes, Randal, I read it. Thank ya.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 7:27 am 
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Joined: Sun Dec 17, 2017 9:04 am
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Not really familiar with the " Stalking Horse bidder " concept. It appears as though it`s a concern that has been in negotiations with a debtor and has agreed in principle to acquire the assets in question? Or at least a portion of the assets?

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Remington 870 Super Magnum Turkey
Remington V3 Walnut
Remington 870 Express (Realtree Xtra camo)


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 7:41 am 
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Either way you slice it, bottom line, cut thru to the chase, Remington is coming to the finish line with a new dawn of a new age. No need to hammer it all out till we see what develops next. No matter how Remington turns out, Randal, hope you still stay a "Remmie" fan-man since you were one from the get-go.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 1:55 pm 
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Tidefanatic wrote:
Not really familiar with the " Stalking Horse bidder " concept.


if you're really bored, you can Google it. Essentially, the stalking horse bidder is the first bidder. They may not be the winning bidder, but they are entitled to remuneration if they are not.

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 2:00 pm 
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Location: ohio
RandyWakeman wrote:
Tidefanatic wrote:
Not really familiar with the " Stalking Horse bidder " concept.


if you're really bored, you can Google it. Essentially, the stalking horse bidder is the first bidder. They may not be the winning bidder, but they are entitled to remuneration if they are not.


Speaking of horses, not too long ago, we were in a bear market. Yep, I purchased extra stocks. :D

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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 6:42 pm 
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Joined: Thu Nov 22, 2018 1:51 pm
Posts: 28
I know CZ USA was at the Custom Shop last week


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Mon Sep 07, 2020 7:22 pm 
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greekspec2 wrote:
I know CZ USA was at the Custom Shop last week


Hope your projects get through......


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Tue Sep 08, 2020 2:00 am 
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Joined: Thu Nov 22, 2018 1:51 pm
Posts: 28
Rooster booster wrote:
greekspec2 wrote:
I know CZ USA was at the Custom Shop last week


Hope your projects get through......


Thanks me too since I already had one of the Custom Shop stocker from the Ilion factory flake on me a few times now


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 Post subject: Re: Remington Closures . . . . .
PostPosted: Tue Sep 08, 2020 11:51 am 
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Quote:
PLEASE TAKE FURTHER NOTICE that the hearing to approve the sale of the
Acquired Assets (the “Sale Hearing”) will be held before the Honorable Clifton R. Jessup, Jr.,
United States Bankruptcy Judge on September 23, 2020 at 10:00 a.m. (prevailing Central Time) via Microsoft Teams as set forth in the Order Scheduling and Establishing Remote Hearing Procedures for the September 23, 2020 Sale Hearing [Doc. 491] and subject to any further order of the Bankruptcy Court.



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