[legion]

Originally Posted by onewhippedpuppy

I worked for a company that was at one point owned by Cerberus, they also loaded us up with a bunch of debt and ultimately sold their stake just prior to bankruptcy. I think it’s part of their strategy for acquisition and divesting.

Well, that seems kind of unethical (though not illegal). It will also make a company extra vulnerable in a downturn. Remington needs to put a poison pill in place to defend against this kind of behavior in the future.