Following approval of its $775 million debt for equity swap just two months after entering Chapter 11, a DE court approved the company’s emergence but the exact formulation of the company remains unclear still because at least some of the investors who are now owners are wary of remaining in the gun business in the current political climate. Whether that leads to a dismantling of the company to liquidate the interests of those shareholders or they will be able to find suitable buyers for their stakes is the major question.

If it does decide to sell off assets, it would be ... Log in to view full article.