National Navajo Nation Tries to Buy Remington

[billdeserthill]

The Navajo Nation made an effort to buy Remington, thinking they would make the manufacturer great again, by ending sales to consumers and concentrating on gov't & police sales. They also figured they could work on that 'smart gun' technology... www.newser.com/story/262077/the-navajo-nation-had-a-novel-idea-buy-remington.html

Unfortunately for them Remington declined...

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[nmwabbit]

Billdeserthill, your link doesn't work, so thought this one, from original article, might assist forum readers a bit better:
A Surprising Bid for Remington, and an Unsurprising Rejection
Quote:
The Navajo Nation's plan for Remington was novel: It intended to shift the company away from its consumer business, including curtailing the sale of the AR-15-style weapons frequently used in mass shootings....

The only guns the Navajo Nation planned to sell to consumers were long guns like rifles and shotguns used by hunters.

The Navajo Nation — which controls a $3.3 billion investment trust — sent a letter to Remington in May offering to buy the company for $475 million to $525 million.... unquote.

Fair business concept per se, but perhaps their PR communique about intimate details about future operations if ownership changed hands was too detailed and shocked Remington's owners?