Powell Max takes minority stake in Remington parent and seeks larger deal
Powell Max ($PMAX) acquired an initial minority interest in Blackrod Holdings, the parent of Remington Firearms, under a signed share-exchange agreement. The transaction also gives Powell Max a 12-month exclusivity period to pursue a broader combination. Blackrod and its members are restricted from soliciting or negotiating competing acquisition proposals during that period unless the agreement ends earlier. The move represents a potentially significant diversification for a company whose existi
0