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CZ to purchase Colt?

Colt is the gold standard. When I grew up in the 90s the 5.0 Mustang was the gold standard. If you were going to brag about your car you always said "it's faster then a 5.0" So of course there are far better rifles and many rifles that are far better. But you judge them by how they compare to the gold standard. And while yes the military seems to have wanted to get rid of them for years their still using them. (yes I know they lost the contract a few years ago but I think I made my point).
 
US gun maker Colt bought by Czech company
Ceska Zbrojovka Group SE said Friday that it has purchased all the shares in Colt Holding Company LLC, the parent company of Colt’s Manufacturing Company LLC and its Canadian subsidiary, Colt Canada Corp.

The deal is worth $220 million and 1,098,620 newly issued shares in Ceska Zbrojovk and is subject to approval by regulators. The Czech company said it expected the transaction to be completed in the second quarter of 2021.

“With this strategic move, CZG will acquire significant production capacity in the United States and Canada and substantially expand its global customer base,” the Czech company said.
 
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