November 29, 1989 |
Colt Industries Inc. said Tuesday that it would sell its beleaguered firearms division to a group of investors in a deal that could end a nearly 4-year-old strike by some union workers. Terms of the sale to CF Holding Corp., which includes a Colt executive and two former United Technologies Corp. officials, were not disclosed. Analysts had said they expected the sale to bring between $150 million and $200 million. The deal at the 153-year-old company that makes the Colt .