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SVTPerformance's Chain of Restaurants
Road Side Pub
Sturm, Ruger and Company to acquire assets of Marlin Firearm
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<blockquote data-quote="Weather Man" data-source="post: 16530113" data-attributes="member: 137766"><p>Looks like the Marlin workers are out of luck. </p><p></p><p><span style="font-size: 22px"><strong>Sturm, Ruger & Company completes acquisition of Marlin Assets</strong></span></p><p>Nov. 24, 2020 5:16 PM ET|About: <a href="https://seekingalpha.com/symbol/RGR" target="_blank">Sturm, Ruger & Comp... (RGR)</a>|By: <a href="https://seekingalpha.com/user/51785401/profile" target="_blank">Manshi Mamtora, CFA</a>, SA News Editor </p><p></p><p></p><p>Sturm, Ruger & Company (NYSE:<a href="https://seekingalpha.com/symbol/RGR?source=news_body_link" target="_blank">RGR</a>) <a href="http://seekingalpha.com/pr/18099520-sturm-ruger-company-inc-completes-acquisition-of-marlin-assets?source=news_body_link" target="_blank">closes acquisition of Marlin Firearms </a>on Monday, November 23.</p><p></p><p>The purchase price of ~$28.3M was paid with available cash on hand.</p><p></p><p>CEO Christopher J. Killoy mentions: “Since we announced the agreement to purchase Marlin in September, we have heard from countless members of the firearms community - consumers, retailers, distributors, writers, and collectors - who are delighted that legendary Marlin rifles are now part of the Ruger product family.<strong><span style="color: #ff0000"> We are excited to start moving these assets to our Ruger facilities</span></strong> and setting up the manufacturing cells that will produce Marlin rifles for years to come. We look forward to re-introducing Marlin rifles in the latter half of 2021.”</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16530113, member: 137766"] Looks like the Marlin workers are out of luck. [size=6][b]Sturm, Ruger & Company completes acquisition of Marlin Assets[/b][/size] Nov. 24, 2020 5:16 PM ET|About: [URL='https://seekingalpha.com/symbol/RGR']Sturm, Ruger & Comp... (RGR)[/URL]|By: [URL='https://seekingalpha.com/user/51785401/profile']Manshi Mamtora, CFA[/URL], SA News Editor Sturm, Ruger & Company (NYSE:[URL='https://seekingalpha.com/symbol/RGR?source=news_body_link']RGR[/URL]) [URL='http://seekingalpha.com/pr/18099520-sturm-ruger-company-inc-completes-acquisition-of-marlin-assets?source=news_body_link']closes acquisition of Marlin Firearms [/URL]on Monday, November 23. The purchase price of ~$28.3M was paid with available cash on hand. CEO Christopher J. Killoy mentions: “Since we announced the agreement to purchase Marlin in September, we have heard from countless members of the firearms community - consumers, retailers, distributors, writers, and collectors - who are delighted that legendary Marlin rifles are now part of the Ruger product family.[b][color=#ff0000] We are excited to start moving these assets to our Ruger facilities[/color][/b] and setting up the manufacturing cells that will produce Marlin rifles for years to come. We look forward to re-introducing Marlin rifles in the latter half of 2021.” [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Sturm, Ruger and Company to acquire assets of Marlin Firearm
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