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PRESS RELEASE
CZG-Ceska Zbrojovka Group said on Thursday it would acquire group Colt Holding Company for $220 million and CZG shares as the Czech gunmaker expands in the larger U.S. market.
 

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There really is NO plus, when American Manufacturers are purchased by any Foreign Corporations!
MG
That's what tears me up more than anything else. CZ makes a great product and the point about it being a good home for what was Colt Mfg. is reasonable commentary. But seeing another iconic American brand lost to poor management and predatory investors is a sad testimony to how we value our heritage. One after another goes the names and operations that made this country great - lost to the highest bidder for the scraps. It's just sad.
 

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That's what tears me up more than anything else. CZ makes a great product and the point about it being a good home for what was Colt Mfg. is reasonable commentary. But seeing another iconic American brand lost to poor management and predatory investors is a sad testimony to how we value our heritage. One after another goes the names and operations that made this country great - lost to the highest bidder for the scraps. It's just sad.
Well said. US Corporate raiders have destroyed many US brands and jobs over the decades.
 
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Possibly in your mind, most of citizens of this country prefer American!
MG
That’s not the point. You can bleed Mercia and MAGA all you want. You said there is “NO plus” to a foreign company buying an American company. That’s simply untrue. You may not like that Colt was poorly managed and made bad business decisions. But the fact that it was purchased is beneficial. Particularly for employees and bond holders.
 

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That’s not the point. You can bleed Mercia and MAGA all you want. You said there is “NO plus” to a foreign company buying an American company. That’s simply untrue. You may not like that Colt was poorly managed and made bad business decisions. But the fact that it was purchased is beneficial. Particularly for employees and bond holders.
Only in YOUR mind!
What good comes from an American Company being purchased by a Foreign Company?
You sound like a pompous fool!
MG
 

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I just told you, the enterprise continues to operate. Generally employees are retained, debt and liabilities can be satisfied.

I’m not saying that it wouldn’t have been better for Colt to have remained viable. But given that was not an option, selling the assets and liabilities is better than other alternatives.

Didn’t mean for you to get your panties in a bunch Polo.
 

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That’s not the point. You can bleed Mercia and MAGA all you want. You said there is “NO plus” to a foreign company buying an American company. That’s simply untrue. You may not like that Colt was poorly managed and made bad business decisions. But the fact that it was purchased is beneficial. Particularly for employees and bond holders.
Mercia is in England.
 
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