18 Dec '12, 3pm

Folks this story is a very big deal. Cerberus is jumping ship on Freedom group. They see anti-gun legislation coming.

Cerberus is dumping Freedom Group Cerberus Capital Management Statement is selling its interest in Freedom Group in response to the mass murder in Newtown, Conn., and pressure from one of its largest clients. Cerberus has significant investment from the California State Teachers’ Retirement System (CalSTRS), one of the largest pension funds in the U.S. According to Reuters, CalSTRS has invested $751.4 million in Cerberus. The fund’s directors put out a statement Monday announcing that they are examining its investment in Cerberus. Freedom Group is made up of Remington, Bushmaster Firearms, DPMS/Panther Arms, Marlin, H&R, The Parker Gun, Mountain Khakis, Advanced Armament Corp., Dakota Arms, Para USA and Barnes Bullets. With the long-term outlook on the firearm industry a bit shaky at the moment, an equity firm would have to have steel balls to jump in on FGI now. I’m guess...

Full article: http://militarytimes.com/blogs/gearscout/2012/12/18/cerbe...

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