US gunmaker Remington emerges from bankruptcy

US gunmaker Remington emerges from bankruptcy

FILE PHOTO: A man aims a Remington firearm at the annual National Rifle Association (NRA) meeting in Dallas, Texas, U.S., May 4, 2018. REUTERS/Adrees Latif
REUTERS: Remington Outdoor Co Inc , 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)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/us-gunmaker-remington-emerges-from-bankruptcy-10244394