About: http://data.cimple.eu/news-article/10336898239b142ed2e1900194c3988a7618d978c9d0636faac828ff

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About: http://data.cimple.eu/news-article/10336898239b142ed2e1900194c3988a7618d978c9d0636faac828ff Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Czech arms maker Ceska Zbrojovka (CZG) said Thursday it will buy the legendary US gun manufacturer Colt, including its Canadian unit. "CZG shall acquire a 100% stake in Colt for upfront cash consideration of $220 million (180 million euros) and the issuance of 1,098,620 shares of newly issued CZG common stock," the Czech company said in a press release. CZG expects to finance the transaction with its own cash, income from a recent public offering and a planned bond issue. The takeover is subject to approval by market regulators, but CZG said it wants the deal to be completed in the second quarter of the year. "We are proud to include Colt, which has stood shoulder-to-shoulder with the US Army for over 175 years, in our portfolio," said CZG board chairman Lubomir Kovarik. Colt chief executive Dennis Veilleux hailed the planned transaction as "a powerful combination for both brands and for our customers". CZG, which employs some 1,650 staff in the Czech Republic, the United States and Germany, produces police and military firearms, but also sports and hunting weapons bearing the CZ mark. Established by legendary gun maker and inventor Samuel Colt in 1836, Colt supplies its products to the US, Canadian and other armed forces worldwide. It also produces sports and hunting weapons. frj/pvh
schema:headline	Czech arms maker Ceska Zbrojovka set to buy US legend Colt
schema:mentions	Television in Canada Initial public offering Czech Republic Hunting Nazi Germany United States Samuel Colt Česká zbrojovka Uherský Brod Common stock United States Armed Forces PVH (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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