Powell Max signs deal to buy stake in Remington Firearms parent Blackrod Holdings
PMAX•Powell Max signed a share exchange agreement to take an initial minority stake in Blackrod Holdings, with 12 months of exclusivity to negotiate a possible acquisition of its remaining ownership interests.
1. Agreement terms
The agreement restricts Blackrod from soliciting or negotiating competing acquisition proposals during the exclusivity period, unless the agreement ends earlier. A larger transaction remains subject to further negotiation during due diligence.
