Showdown Looms in Colt Defense Bankruptcy

06/17/15
A Colt 9mm pistol sits on display in the Colt’s Manufacturing Co. booth on the exhibition floor of the 144th National Rifle Association (NRA) Annual Meetings and Exhibits at the Music City Center in Nashville, Tennessee, U.S., on Saturday, April 11.
DANIEL ACKER/BLOOMBERG NEWS

A showdown is looming in the bankruptcy of gun-maker Colt Defense LLC, with a group of bondholders taking aim at the company’s plans for an early August auction led by its current majority owner. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

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Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa

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