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Newtown's Impact on Remington

Discussion in 'Political Issues' started by TxGun, Dec 19, 2012.

  1. TxGun

    TxGun

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    From the #1 liberal rag...er, I mean The NY Times:

    In An Unusual Move, Cerberus to Sell Gun Company

    By PETER LATTMAN


    Sitting in their offices high above Park Avenue late on Monday, the private equity executives who own the country’s largest gun company received a phone call from one of their most influential investors.

    An official at the California teachers’ pension fund, which has $750 million invested with the private equity firm, Cerberus Capital Management, was on the line, raising questions about the firm’s ownership of the Freedom Group, the gun maker that made the rifle used in the Connecticut school shootings.

    Hours later, at 1 a.m. on Tuesday, Cerberus said that it was putting the Freedom Group up for sale.


    If accurate, this does illustrate the kind of knee-jerk reactions we can expect.
     
    Last edited: Dec 19, 2012