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.