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Remington exits bankruptcy in less than two months

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Remington announced yesterday it exited Chapter 11 bankruptcy, less than two months after filing.

Officials with the gunmaker said the company converted $775 million worth of debt into equity.

"We are excited about the future - producing quality products, serving our customers and providing good jobs for our employees," CEO Anthony Acitelli said in a statement.

Read more from CNNMoney.

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