New Colt Holding Corp. in Heads of Agreement With Giat Industries S.A. to Acquire Herstal S.A.

PR Newswire | July 10, 1997 | Copyright

PARIS, July 10 /PRNewswire/ -- New Colt Holding Corporation, the parent of Colt's Manufacturing Company, is pleased to announce that it has reached a Heads of Agreement to purchase Giat Industries' 92% interest in Herstal S.A. of Belgium as an initial step in the potential acquisition of 100% of the Group. Colt's, a worldwide leading manufacturer of military and commercial firearms, considers the potential transaction as a significant strategic addition of complementary companies. The transaction is subject to negotiations with the Walloon Region based on an industrial ...

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