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Czech company negotiating to acquire CT gun maker Colt

January 13, 2021. Summarized by summa-bot.

Compression ratio: 53.5%. 1 min read.

Czech Republic firearms manufacturer Česká zbrojovka Group SE (CZG) announced it is negotiating to acquire West Hartford gun maker Colt Holding Co.  The two companies reached "an agreement in principle" on the most important aspects of CZG's prospective purchase of the 175-year-old Colt, according to CZG. Details of negotiations or possible terms of the transaction were not disclosed.

Czech Republic firearms manufacturer Česká zbrojovka Group SE (CZG) announced it is negotiating to acquire West Hartford gun maker Colt Holding Co.

The two companies reached "an agreement in principle" on the most important aspects of CZG's prospective purchase of the 175-year-old Colt, according to CZG.

If negotiations successfully close this month, the companies would still need regulatory approval for CZG to acquire Colt, according to the Czech company.

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