did Colt accually end up Buying HK?

1

18908148

New member
Just out of curiousity, did Colt ever close the deal and take possesion of HK? I have read a couple of tidbits here and there about them making an offer but nothing deffinate. Can anyone confirm this?

Thanks

189
 
Not yet! There was a report from a UK newspaper that said something about the deal being done by the end of this month. If I had to make a bet right now, would bet that by mid March it will be announced that the deal is dead, because Colt couldn't come up with the money. That may bring in other players or HK may even be spun off and made to go solo. Keeping potential liabilities to a minimum. That put Colt in deep poop, maybe forcing Zikha's investment firm to liquidate or sell Colt.

Robert
 
Colt has been for sale for over two years. So has S&W. The bid for H&K was to increase the value of Colt Holdings and make it more attractive so Colt Manufacturing could be sold as part of the package.
 
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