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America's oldest gun-maker to file for bankruptcy
Man tries out Bushmaster rifle at gun show.
Man tries out Bushmaster rifle at 2015 NRA Annual Convention. Photo by Karen Bleier/Getty Images

Private equity firm Cerberus Capital Management is finally out of the gun-making business, a scant five years after it first tried to sell the conglomerate now known as Remington Outdoor Co.

The only wrinkle is that this particular exit is coming via bankruptcy.