Info
Submitted by WWAY on Tue, 06/08/2010 - 2:27pm.

RALEIGH, N.C. -- The security firm formerly known as Blackwater is looking for new ownership. The North Carolina-based company now called Xe (ZEE) Services announced its decision to pursue the sale in a brief statement Monday. Xe says it has made significant changes to the company over the past 15 months that will enhance its value to a prospective buyer. Under the name Blackwater, the company became well-known for providing guards and services to the U.S. military. It's been trying to rehabilitate its image since a 2007 shooting in Baghdad that killed 17 people and led to federal charges against several Blackwater guards. In February, Xe sold its aviation division for $200 million in a bid to strengthen its balance sheet. (Copyright 2010 by The Associated Press. All Rights Reserved.)

Full Story »
The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
CAPTCHA
Please re-enter the code shown in the image below.

Reply