This is the newswire I just received. I had no idea that the owner of Colt was anti-gun. I own a few Colt's, this makes me sick to my stomach.-----BEGIN PGP SIGNED MESSAGE-----
GUN OWNERS ALLIANCE
!!ALERT!!
Chris W. Stark - Director
P.O. Box 1924
Crosby, Texas 77532-1924
Ph. 1-281-787-4111 Fax 1-281-328-7505
http://www.GOA-Texas.org
email: Director@GOA-Texas.org
30 December 1999
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Colt working "overtime" against gunowners
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Copyright © 2000 by Gun Owners Alliance (GOA-Texas).
Republication permitted ONLY if this e-mail alert
is left intact in its original state.
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Neal Knox from
http://www.nealknox.com has reported the following:
The long-discussed deal for Colt's to buy Heckler and Koch from
British Aerospace is about to become a reality. An agreement has
been signed, but will have to be approved by various agencies.
Colt says it plans to drop commercial sales of H&K handguns, as it
has dropped most of its handguns.
In 1998 40 percent of Colt's revenue came from commercial firearms,
after the acquisition of H&K, that's expected to drop to 18 percent.
# # # # # #
[Comments below from Chris W. Stark]
The revelation is not new of Colt's owner contributing several
thousand dollars to anti-gun Senator Charles Schumer's campaign,
and many thousands of dollars to the Democratic Senatorial
Campaign Committee, in which anti-gun Frank Lautenberg, Daniel
Moynihan, Diane Feinstein Barbara Boxer and Ted Kennedy draw
their campaign funds.
Then, we reported on 10/09/1999, most of Colt's handgun line
have been recently discontinued (except to Military and Police)
and will not be sold to the general public. Of course, we also
learned of a meeting in Washington D.C., 27 September 1999
between major handgun makers and the attorneys general of New
York and Connecticut, and Philadelphia Mayor Ed Rendell. Smith
& Wesson, and officials from Sturm, Ruger & Company, Colt's
Manufacturing, O. F. Mossberg & Sons, Taurus, Glock and Beretta
reportedly began negotiating their way out of lawsuits by
governmental agencies, at this meeting.
Negotiate? What is there to negotiate? The 2nd Amendment is a firm
right (not a privilege) "inherited" by birth!
And now, Colt's owner wants to purchase Heckler & Koch?
NOT GOOD NEWS!
We have also heard that Colt's owner is making overtures to several
other gun manufacturers. If this man "gobbles up" a large share of
gun manufacturers, we as private consumers will predictably find
the cost of handguns skyrocketing, with shortages looming.
IF SOME OF YOU ARE COLT OR HECKER & KOTCH COLLECTORS, YOU MAY WANT
TO LET THEM KNOW OF YOUR DISGUST, AND HOW YOU WILL NOT BE PATRONIZING
THEIR COMPANIES FROM HERE ON OUT! EVEN IF YOU DO NOT HAVE INTEREST
IN THEIR PRODUCT, CONTACT THEM! DO NOT LET THIS "CANCER" GROW!
CONTACT THEM!
Colt's Manufacturing Company, Inc.
Thomas H. Kilby
Vice President of Marketing & Sales
P.O. Box 1868
Hartford, CT 06144-1868
Tel: 1-860-236-6311
Fax: 1-860-244-1442 or
Fax: 1-860-244-1449
(no e-mail address)
Heckler and Koch Inc.
21480 Pacific Boulevard
Sterling, VA 22170
1-703-450-1901
(no e-mail address)
- --
Gun Owners Alliance
Chris W. Stark - Director
http://www.GOA-Texas.org
Director@GOA-Texas.org
# # # # # # # # # # #
Colt's considers deal to buy European gunmaker
http://www.tampabayonline.net/news/news102i.htm
WEST HARTFORD, Conn. (AP) - Colt's Manufacturing Co. said it is
trying to buy European gunmaker Heckler & Koch in a deal that
would strengthen its position for military contracts.
John Rigas, a partner in a New York investment firm that control's
Colt's, said the group has signed a letter of intent to acquire the
German small arms manufacturer from a Royal Ordnance, a division
of British Aerospace PLC. The deal will cost Colt's about $100
million and is expected to be completed next year, Rigas told The
Wall Street Journal in Wednesday's editions.
Rigas speculated the combined company would be in a solid position
to compete for military-rifle and grenade launcher contracts in
the United States and Europe. Colt's makes those types of weapons
and has substantial back orders from the Pentagon, he said.
The deal requires approval from the U.S. Departments of Defense
and State.
Colt officials were unavailable for comment on Wednesday.
Clive Richardson, a managing director of Royal Ordnance, said a
concern is the uncertainty over the mounting civil litigation
against the gun industry.
Colt's, maker of the famous .45-caliber automatic that was the U.S.
military sidearm of choice for most of this century, said in October
it is discontinuing seven lines of consumer handguns. The company
said the move was forced by lawsuits filed against gun manufacturers
by 28 cities and counties around the country.
Colt's, Heckler & Koch and other gun companies are among those
being sued.
*******
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a prior interest in receiving this information for non-profit research
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are a bit more down to earth now. I just read a report on CNN and the were saying that "Colt is trying to buy HK" and that this deal may take as much as a year to happen. It still must be negotiated. HK's motivation, they claim, is the lawsuits. Lots can happen in a year. Personally, I say, the heck with both of them. If they are not going to support us, why support them.