Firearms X Culture
Česká zbrojovka better known as CZ, is in negotiations to acquire Colt Manufacturing. Colt, is one of the oldest and longest running U.S. firearm manufacturers in US history. Now, the company is on the verge of being acquired by one of Europe’s leading firearm brands in CZ.
Česká zbrojovka better known as CZ, is in negotiations to acquire Colt Manufacturing. Colt, is one of the oldest and longest running U.S. firearm manufacturers in US history. Now, the company is on the verge of being acquired by one of Europe’s leading firearm brands in CZ.
If CZ is able to acquire Colt, the company would be gathering a wealth of history and a extensive firearm lineage. Colt is known for creating iconic firearms over the past 166 years. Colt has built classics such as the Colt Peacemaker, Colt Python, Cobra, and Colt 1911. While also evolving the M16 platform with the Colt M4 The M4 platforms has been U.S. military service over 25 years.
This potential acquisition would elevate and round out CZ’s portfolio. In house CZ has the successful CZ-75, the Shadow Lineup, CZ Scorpion, and popular CZ Bren rifles. With the addition of Colt they would be adding an extensive lineup of revolvers and one of the most popular rifle platforms in the world. This acquisition would make CZ a force to be reckoned with inside the firearms industry.
Negotiations are still on going, back in November of 2020 CZ informed investors of there launching efforts to acquire Colt. CZ was seeking complete ownership of Colt with the potential acquisition. The deal was forecast to be done by the end of 2020.
On Saturday, CZ issued a statement updating shareholders on the progress of the negotiations to acquire Colt. CZ and Colt have reached an agreement in principle. Key details have to be ironed out before moving forward. Discussions continue on: technical parameters, regulatory review, and legal terms and conditions. CZ is looking to have all details finalized by the end of the month.
Below, is the press statement from CZ in regards to the negotiations into acquiring Colt Manufacturing.
Press Statement
Prague, 9 January 2021 – CZG – Česká zbrojovka Group SE (“CZG” or “the Group”) further
to our previous disclosure with respect to the Letter of Intent dated November 5, 2020 for the acquisition of 100% of the outstanding equity interest in Colt Holding Company LLC (“Colt”), CZG hereby informs that it has agreed with Colt on the extension of the exclusivity period to complete its due diligence until the end of January 2021.
The parties have reached an agreement in principle on key commercial parameters of the transaction and they continue discussing the technical parameters, regulatory review requirements, and legal terms and conditions of the transaction.
Execution of the definitive documentation for the transaction is estimated to take place by the end of January 2021, subject to completing the negotiations, finalizing the transaction documentation, and obtaining necessary approvals of the relevant stakeholders.
Assuming achievement of these contingencies, the closing of the transaction would be subject to regulatory approval. Despite this significant progress in the negotiations, no assurances can be made that the transaction will be consummated.
What do you think of CZ acquiring Colt? Let us know in the comments below.
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Hello, everyone and welcome to The Loadout Blog. The purpose of this website is to share educate, inform, and build a lasting culture around firearms. I want to create a hub of reliable, cohesive, and relevant material for today's shooter. I am seeking to appeal to all demographics so from the novice, to experienced, along with LE and military communities. I am here to be transparent and honest on all matters discussed or chronicled on this site. I will post content once a week at minimum or more often if time allows.
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