Freedom group looking to sell ...

[1stmar]

"Bloomberg.com reported that Taurus may be looking to buy Freedom Group. The Freedom Group is a conglomeration of firearms-related companies including Remington, Bushmaster, DPMS, Marlin and others. Since the Sandy Hook massacre, the private equity firm Cerberus Capital Management, current owners of Freedom Group, has been looking to unload the companies."

A lot of misinformation about the freedom group and soros, thought this was interesting since the general consensus is FG has only seemed to hurt the companies they have bought.

 

[Bud Helms]

1stmar,

If this is late-breaking news, please give us the link where you picked it up.

A similar rumor has been on the net for months.

 

[1stmar]

Here ya go..

http://www.humanevents.com/2013/01/20/recap-of-the-shot-show-2013/

http://www.bloomberg.com/news/2013-...-taurus-bid-for-freedom-corporate-brazil.html

 

[FrankenMauser]

I really hope that doesn't happen....

 

[BigD_in_FL]

Cerberus got an ultimatum from the CA teachers union pension fund, who has$750,000,000 in with Cerebus and told them sell the gun companies or they would pull their money

 

[FrankenMauser]

I'm aware of that, BigDin. I was referring to the involvement of Taurus.

 

[ballardw]

Since it looks like the CA teachers pension fund only has a total of 158,000,000 (rounded) invested in total I don't think they have quite the stake in Cerberus claimed above


http://www.calstrs.com/current-investment-portfolio

And list of companies they hold in equity positions (global or US) do not show any Cerberus per se.

 

[mack59]

Do you think they'd take a post dated check?