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GDSI, a "smart gun" tech company, offers $1B buyout deal to Remmmington

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Global Digital Solutions makes offer for Remington Outdoor Company for more than $1 billion.

 

http://www.guns.com/2014/03/11/global-digital-solutions-makes-offer-remington-outdoor-company/

 

And so it begins. Do you think Remington will sell out or stand firm? I wonder if Bloomberg has anything to do with this offer...

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As far as I can tell this is actually old news, the made an offer in Jan, the offer expired in Feb, and it is all publicity stunts. The new hostile takeover bid is odd because last month they didn't have the money to do it.

 

Sure, Soros/Bloomberg/whoever could have put down the money, but the backlash will be fantastic. Plus the company seems to be full of vapor.

 

Edit here is more: http://www.thefirearmblog.com/blog/2014/03/12/penny-stock-company-gdsi-buy-remington/

 

They are basically a penny company, with no products, 65mil market cap, and two employees.

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Bloomberg is not going to drop 5 billion to kill the companies  Hes no different then any other liberal asshole.  He talks big but will never hurt his bottom line.

 

If bloomberg did purchase freedom they would probably produce even more firearms.

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Freedom Group doesn't seem to be taking the offer seriously.

 

http://www.businessweek.com/articles/2014-03-12/cerberus-gets-a-1-billion-bid-for-americas-biggest-gun-company

 

 

 

“If this wasn’t disruptive to our employees and customers, we would not acknowledge the news and recognize it for what it is: a publicity stunt from an agenda-driven group with no credible financing options.”

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