Colt filed for bankruptcy

Thought this might be of interest...



Bankrupt gun maker Colt up for auction....

(see article link below for full article)

https://au.news.yahoo.com/thewest/w...-gun-maker-colt-up-for-auction-opening-bid-0/

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(Reuters) - U.S. gun maker Colt filed for bankruptcy protection on Sunday and has put itself up for sale in an unusual auction with an opening proposal from its current owner.
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An affiliate of private equity firm Sciens Capital Management has proposed buying Colt Defense by assuming obligations including up to $105 million (£67 million) in outstanding loans and as much as $20 million in new loans, court documents filed on Monday show.
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