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WHOA! Is LWRC being bought by Colt, then bolting Maryland? Gun control costs state ANOTHER 300 jobs.

2nd Amend.

WHOA! Is LWRC being bought by Colt, then bolting Maryland? Gun control costs state ANOTHER 300 jobs.

The Firearms Blog is claiming that AR manufacturer LWRC is being purchased by Colt.
Check it out:

A well placed source just told us that Colt is buying LWRC for $60 million. The deal is supposed to close on 1 March. The Maryland company may relocate to Florida or Texas and the LWRC M6 Individual Carbine (M6IC) rifle will become a Colt branded product.

TFB has more details at the link above.

The sale, if confirmed, would confirms a hunch from Jon Stokes of AllOutdoor:

This past December there were rumors on AR15.com about a possible sale of LWRC to Colt. Apparently, any questions about a possible LWRC sale that were posted on the LWRC board were deleted by the mods within minutes, and in general there’s a sense that something’s up.

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