Cerberus to Sell Gunmaker Freedom Group

[Whistler]

The private equity firm Cerberus Capital Management said on Tuesday that it would sell its investment in the gunmaker Freedom Group in response to the school shootings last week in Connecticut.

http://dealbook.nytimes.com/2012/12/...freedom-group/

For those who might not be aware Freedom Group includes:
Advanced Armament Corporation

Barnes Bullets

Bushmaster Firearms International

Dakota Arms

DPMS Panther Arms

H & R Firearms

Marlin

Mountain Khakis

Para USA

Parker Gunmakers

Remington Arms

Remington Military

Remington LE

Remington PMPD

TAPCO

[Whistler]

Digging a bit more I ran across this gem: http://www.thedailybeast.com/article...s-profits.html Posted to add a bit of spice.

[blacklabel]

They only want out because profit is soon going to be impossible for them. Who wants to bet that if an AWB is passed, it's after Cerberus is able to finalize a sale?

[Spdu4ia]

They only want out because profit is soon going to be impossible for them. Who wants to bet that if an AWB is passed, it's after Cerberus is able to finalize a sale?

This! Nothing this big happens without somebody profiting or keeping someone from losing millions.

[BPTactical]

http://dealbook.nytimes.com/2012/12/...freedom-group/

For those who might not be aware Freedom Group includes:
Advanced Armament Corporation

Barnes Bullets
Bushmaster Firearms International
Dakota Arms
DPMS Panther Arms
H & R Firearms
Marlin
Mountain Khakis
Para USA
Parker Gunmakers
Remington Arms
Remington Military
Remington LE
Remington PMPD
TAPCO

And this is why I found it alarming when Cerebus started purchasing all of these manufactures. Too easy for one entity to suddenly "Get Moral". The firearms industry in this country has been exclusively family owned and a "Cottage" industry.
(Edited for incorrect information)

[Tora]

And this is why I found it alarming when Cerebus started purchasing all of these manufactures. Too easy for one entity to suddenly "Get Moral". The firearms industry in this country has been exclusively family owned and a "Cottage" industry.

My thinking also

[Zundfolge]

Lets not forget that ol Georgie Soros is a major player in Cerebus as well.

No, he is not. Never has been either.

Cerebus is run by a bunch of conservative business men (including Dan Quayle among others) ... yes they will try to unload the gun companies if they think they will no longer be profitable, but there is no conspiracy here and George Soros has zero to do with it.

[ChadAmberg]

And this is why I found it alarming when Cerebus started purchasing all of these manufactures. Too easy for one entity to suddenly "Get Moral". The firearms industry in this country has been exclusively family owned and a "Cottage" industry.
(Edited for incorrect information)

That's why them divesting themselves is probably a good thing. I'd prefer much wider ownership over assets like this than a few big players.

[Skully]

It sounded like it was nothing more than pressure from investors over the whole Gun Control issue, mainly the Teachers group in Cali. The Cerebus group stated VERY clearly they take no sides whatsoever on the matter and will not.............................very business like.

[BPTactical]

You would be correct Zund........I have been chastised and shall stand in the corner now...