Sturm, Ruger Company, Inc. to Acquire Marlin Firearms Assets
SOUTHPORT, Conn.--(BUSINESS WIRE)--Sturm, Ruger and Company, Inc. (NYSE: RGR) announced today that its offer to purchase substantially all of the Marlin Firearms assets was accepted by Remington Outdoor Company, Inc. and approved by the United States Bankruptcy Court for the Northern District of Alabama. The Company will pay the $30 million purchase price from cash on hand at the time of closing, which is expected to occur in October. “The value of Marlin and its 150-year legacy was too great o
Sturm, Ruger Company, Inc. to Acquire Marlin Firearms Assets
SOUTHPORT, Conn.--(BUSINESS WIRE)--Sturm, Ruger and Company, Inc. (NYSE: RGR) announced today that its offer to purchase substantially all of the Marlin Firearms assets was accepted by Remington Outdoor Company, Inc. and approved by the United States Bankruptcy Court for the Northern District of Alabama. The Company will pay the $30 million purchase price from cash on hand at the time of closing, which is expected to occur in October. “The value of Marlin and its 150-year legacy was too great o