Investment Firm Selling Stakes In Gun Makers | Redux

Investment Firm Selling Stakes In Gun Makers

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Excerpt:

The issue of gun control appears to have moved into business and finance. One of the largest private equity companies in the country is terminating its relationship with a firearms corporation associated with one of the weapons used in the Newtown school shooting. Private equity firm, Cerberus, issued a statement today saying last Friday's school massacre is 'a watershed event' and it wants to avoid being drawn into the national debate over gun control. So, it's selling off its investments in Freedom Group, a firm that it acquired in 2006. Freedom Group declares it's "the world's leading innovator, designer, manufacturer and marketer of firearms, ammunition and related products for the hunting, shooting sports, law enforcement and military markets". Its website lists products from Remington to Barnes Bullets to Bushmaster weapons.

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Investment Police Private equity Pension Firearm Pension fund Rifle Bill Lockyer

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Bill Lockyer

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Disambiguation: Politician | OfficeHolderReferences:

• Bill Lockyer
• Bill Lockyer: dbpedia
• Bill Lockyer: freebase
• Bill Lockyer: umbel
• Bill Lockyer: yago

Adam Lanza

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Remington

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Additional Info:

City: Newtown

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Facility: Sandy Hook Elementary School

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Company: Cerberus

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Company: Freedom Group

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Relevance: 0.359654

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Source URL: http://www.npr.org/blogs/thetwo-way/2012/12/18/167530916/investment-firm-selling-stakes-in-gun-makers?ft=1&f=1006

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Investment Firm Selling Stakes In Gun Makers

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Private equity firm, Cerberus, is getting rid of Freedom Group, a company it invested in six years ago. Freedom Group is comprised of several weapons manufacturers, including Bushmaster; a Bushmaster rifle was used in last week's school shooting in Newtown, Conn.

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Full Content: http://www.npr.org/blogs/thetwo-way/2012/12/18/167530916/investment-firm-selling-stakes-in-gun-makers?ft=1&f=1006

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