PDA

View Full Version : Blackwater Founder Prince Said to Plan Sale of Security Company



MNeagle
7th June 2010, 04:41 PM
By Gopal Ratnam and Timothy Homan

June 7 (Bloomberg) -- Blackwater Worldwide founder Erik Prince is trying to sell the private security company whose guards once faced charges in the fatal shootings of 14 Iraqis, two people familiar with the matter said.

Xe Services LLC, as the closely held company is now known, is in talks with possible buyers, said one of the people, who asked not to be identified because the details are private. Prince briefed employees on his plan today at Xe’s headquarters in Moyock, North Carolina, the person said.

http://www.bloomberg.com/apps/news?pid=20601087&sid=auYeLpRduyQo&pos=6