Herstal shoots down city threat

New Haven Register | March 16, 2006| | Copyright

Herstal Group, the Belgian parent company of U.S. Repeating Arms Co., has rejected a set of demands by Mayor John DeStefano Jr., who claims the company owes at least $17.6 million to the city, the International Association of Machinists and Science Park Development Corp. In a letter received by the city Tuesday, Herstal Group Chairman and CEO Philippe Tenneson wrote that Herstal is "disappointed by the approach and tone which you have adopted in formulating your proposal."

In a March 1 letter to Herstal executives, DeStefano proposed a deal that would wipe the slate clean with any financial ...

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