Freedom group looking to sell ...

1stmar · February 3, 2013, 08:24 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, 09:19 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, 11:31 AM

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, 02:41 PM

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

BigD_in_FL · February 3, 2013, 03:18 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, 10:38 PM

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

ballardw · February 6, 2013, 03:20 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, 03:58 AM

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

February 3, 2013, 08:24 AM	#1
1stmar Senior Member Join Date: March 21, 2012 Location: Connecticut Posts: 2,378	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, 02:41 PM	#4
FrankenMauser Senior Member Join Date: August 25, 2008 Location: In the valley above the plain Posts: 13,424	I really hope that doesn't happen.... __________________ Don't even try it. It's even worse than the internet would lead you to believe.

February 3, 2013, 10:38 PM	#6
FrankenMauser Senior Member Join Date: August 25, 2008 Location: In the valley above the plain Posts: 13,424	I'm aware of that, BigDin. I was referring to the involvement of Taurus. __________________ Don't even try it. It's even worse than the internet would lead you to believe.

February 6, 2013, 03:20 AM	#7
ballardw Senior Member Join Date: September 19, 2008 Posts: 1,411	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, 09:19 AM	#2
Bud Helms Senior Member Join Date: December 31, 1999 Location: Middle Georgia, USA Posts: 13,198	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.

February 3, 2013, 11:31 AM	#3
1stmar Senior Member Join Date: March 21, 2012 Location: Connecticut Posts: 2,378	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, 03:18 PM	#5
BigD_in_FL Junior member Join Date: December 20, 2012 Location: The "Gunshine State" Posts: 1,981	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, 03:58 AM	#8
mack59 Senior Member Join Date: July 14, 2004 Posts: 447	Do you think they'd take a post dated check?