smokey262,
I suppose that if I showed you proof that Mossberg, Savage and Stevens are indeed the same company you would believe it. I don't usually make statements that I can not back up. Although it is not general knowledge that Mossberg bought Savage back in 1995, this subject has come up here at GBO more than once. And while I will readily admit that you won't find a used Remington or Winchester for $244 or $278, when you add the cost of rings, scope, sling mounts and a sling to those prices, you can indeed find used Remington and Winchester models for sale around $400, possibly a little more, for which you would be getting a superior rifle. IMO.
As far as Mossberg, Savage & Stevens... If you have proof that Mossberg-Savage are no longer Siamese Twins, I will admit I am wrong. Here goes, one more time:
CHALLENGER INTERNATIONAL, LTD. SIGNS LETTER OF INTENT TO SELL SAVAGE ARMS UNIT; SECURES FINANCING TO COMPLETE ACQUISITION OF INTELECT, INC.
HAMILTON, Bermuda, June 1,1995 HREF
Challenger International, Ltd. (Nasdaq: CSTIF; TSE: CTT) announced that it has signed a Letter of Intent to sell its firearms and related businesses, Savage Arms, Lakefield Arms and Passive Bullet Traps, to Mossberg Corporation of North Haven, Connecticut for $35 million in cash plus additional consideration to be determined at closing.
In connection with the sale transaction, Mossberg Corporation is
also providing Challenger with $9 million to fund Challenger's
remaining obligations to complete its acquisition of 100% of
Intelect, Inc., based in Dallas, Texas. The $9 million will be
repaid out of the proceeds of the sale of Savage at closing or over
a two year period in the event the sale does not close. This
financing arrangement allows Challenger to avoid the fees, warrants
or other such costs and contingencies customarily associated with
placement of external long-term subordinated debt.
For 1994, Savage net sales reached $25,871,000 and income from operations had risen to $5,073,000 under the leadership of Savage CEO Ron Coburn, compared to sales to $13,285,000 in 1990 with an operating loss of $2,523,000. Mr. Coburn is designated to be appointed President and Chief Operating Officer of the combined Savage and Mossberg operations.