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From the Hartford Courant
https://www.courant.com/business/hc-biz-colt-sale-20210112-rwagtjddtbbl3eynewqh7rwy4e-story.html
Gun manufacturer Colt, an American legend and Connecticut fixture for nearly 175 years, could come under European ownership in a deal being negotiated with a Czech firearms company.
Česká zbrojovka Group SE, or CZG, which is negotiating to purchase Colt Holding Co., said it has reached agreement on the outlines of a deal with the West Hartford gun manufacturer.
A transaction for 100% of the outstanding equity interest in Colt Holding Co. is not certain, it said. The two companies have agreed to extend to the end of January the review required for due diligence and could approve a deal by then, CZG said.
Terms were not disclosed.
https://www.courant.com/business/hc-biz-colt-sale-20210112-rwagtjddtbbl3eynewqh7rwy4e-story.html