Freedom group looking to sell ...

1stmar · February 3, 2013, 09:24 AM

"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** · February 3, 2013, 10:19 AM

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 · February 3, 2013, 12:31 PM

Here ya go..

http://www.humanevents.com/2013/01/2...hot-show-2013/

http://www.bloomberg.com/news/2013-0...te-brazil.html

FrankenMauser · February 3, 2013, 03:41 PM

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

BigDinFL · February 3, 2013, 04:18 PM

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 · February 3, 2013, 11:38 PM

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

ballardw · February 6, 2013, 04:20 AM

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 · February 6, 2013, 04:58 AM

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

February 3, 2013, 09:24 AM	#1
1stmar Senior Member Join Date: March 21, 2012 Location: Connecticut Posts: 447	Freedom group looking to sell ... "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.

February 3, 2013, 10:19 AM	#2
Bud Helms Staff Join Date: December 31, 1999 Location: Middle Georgia Posts: 12,907	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. __________________ "The irony of the Information Age is that it has given new respectability to uninformed opinion." - John Lawton, speaking to the American Association of Broadcast Journalists in 1995

February 3, 2013, 03:41 PM	#4
FrankenMauser Senior Member Join Date: August 26, 2008 Location: 1B ID Posts: 5,399	I really hope that doesn't happen.... __________________ "Such is the strange way that man works -- first he virtually destroys a species and then does everything in his power to restore it."

February 3, 2013, 11:38 PM	#6
FrankenMauser Senior Member Join Date: August 26, 2008 Location: 1B ID Posts: 5,399	I'm aware of that, BigDin. I was referring to the involvement of Taurus. __________________ "Such is the strange way that man works -- first he virtually destroys a species and then does everything in his power to restore it."

February 6, 2013, 04:20 AM	#7
ballardw Senior Member Join Date: September 19, 2008 Posts: 263	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. __________________ -+-+-+-+-+-+-+-+-+-+-+-+-+-+ All data is flawed, some just less so.

February 3, 2013, 12:31 PM	#3
1stmar Senior Member Join Date: March 21, 2012 Location: Connecticut Posts: 447	Here ya go.. http://www.humanevents.com/2013/01/2...hot-show-2013/ http://www.bloomberg.com/news/2013-0...te-brazil.html

February 3, 2013, 04:18 PM	#5
BigDinFL Senior Member Join Date: December 20, 2012 Location: The "Gunshine State" Posts: 915	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

February 6, 2013, 04:58 AM	#8
mack59 Senior Member Join Date: July 14, 2004 Posts: 394	Do you think they'd take a post dated check?