Powell Max signs deal to buy stake in Remington Firearms parent Blackrod Holdings

• Powell Max signed a share exchange agreement with Blackrod Holdings, parent of Remington Firearms, taking an initial minority stake.
• The deal includes a 12-month exclusivity period to negotiate a definitive agreement to acquire the remaining ownership interests in Blackrod.
• Blackrod is restricted from soliciting or negotiating competing acquisition proposals during exclusivity unless the agreement terminates earlier.
• Completion of a larger transaction remains subject to further negotiation during due diligence.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powell Max Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609280830PRIMZONEFULLFEED9834640) on September 28, 2026, and is solely responsible for the information contained therein.