Sturm, Ruger to Acquire Remington's Marlin Firearms for $30 Million

The bones of bankrupt Remington Arms continue to be picked clean as Sturm, Ruger (NYSE: RGR) announced it was acquiring the gunmaker's Marlin Arms for $30 million. Remington has accepted the offer and the bankruptcy approved the sale. Remington was forced into bankruptcy despite a booming firearms market because it had been saddled with substantial amounts of debt by its private equity owners and faced lawsuits from the families of victims of the 2012 Sandy Hook school shooting.