The HuntingPA.com Outdoor Community banner

1 - 4 of 4 Posts

·
Registered
Joined
·
24,796 Posts
Discussion Starter #1
Private-equity firm Cerberus Capital Management LP, the owner of a company that makes a gun used in last week's shooting, said early Tuesday that it would seek to sell Freedom Group. The move comes shortly after it faced pressure from former New York Gov. Eliot Spitzer as well as the California State Teachers' Retirement System, which said it is reviewing a $500 million investment commitment to the New York-based private-equity firm.

"We have determined to immediately engage in a formal process to sell our investment in Freedom Group. ......


Cerberus acquired a number of gun-and-ammunition makers, including rifle maker Bushmaster Firearms International, the maker of the rifle authorities say was used in Friday's shooting.

Among the other firearm companies Cerberus and its affiliates have bought is Remington Arms Co., the country's largest and oldest maker of rifles and shotguns. Cerberus consolidated its gun holdings in a company started in 2007 called Freedom Group. Freedom Group's legal name was changed in October to Remington Outdoor Co. though the company still uses the Freedom Group name to do business.

"Our role is to make investments on behalf of our clients. … It is not our role to take positions, or attempt to shape or influence the gun control policy debate. That is the job of our federal and state legislators," Cerberus said. "There are, however, actions that we as a firm can take." ......








http://online.wsj.com/article/SB10001424127887324407504578186523224794006.html
 

·
Registered
Joined
·
7,007 Posts
I think HPA should take up a collection and make them an offer.
 

·
Registered
Joined
·
378 Posts
Bluetick said:
"Our role is to make investments on behalf of our clients. … It is not our role to take positions, or attempt to shape or influence the gun control policy debate. "

Are they for real? It is absolutely their role to take a position. If the owners do not support their own company then who should support them and their views. That is the most ridiculous statement I have ever heard a company make. Even if purchased as an investment vehicle you offer support to maintain the value of the company's.






http://online.wsj.com/article/SB10001424127887324407504578186523224794006.html
 

·
Registered
Joined
·
24,796 Posts
Discussion Starter #4
Better to have divest of the companies and allow other more appropriate and more friendly companies own it. In the wrong hands, the sales proceeds from those historic brands could be used to defeat us.


The sale will be quick.
 
1 - 4 of 4 Posts
Top