Colt Hits Ch. 11, Says It Needs To Sell Quickly

By Ben Conarck (June 15, 2015, 1:26 PM EDT) -- Firearms manufacturer Colt Defense LLC filed for Chapter 11 in Delaware bankruptcy court on Sunday with $358 million in secured debt, saying it has a two- to three-month window to push through a stalking horse sale to Sciens Capital Management LLC and delever its balance sheet....

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