Global Digital Solutions, Inc. filed with the Security and Exchange Commission an unsolicited letter of intent to acquire Remington Outdoor Company, Inc. for more than $1 billion today.
Remington Outdoor Company, also known as Freedom Group, is one of the largest firearm and ammunition conglomerates with 16 companies including Remington, Marlin, Barnes Ammo, Dakota Arms, just to name a few.
Along with the letter, GDSI attached two other proposals with Form 8-K filed with the SEC. The other proposed acquisitions include Applied Digital Solutions and Digital Angel Corp., both communications companies.
GDSI is described as providing small arms manufacturing, complementary security and technology solutions and knowledge-based, culturally attuned social consulting in unsettled areas. The West Palm Beach, Florida, company was founded on August 1995.
Stay tuned to Guns.com. More information to come.