The Down Range Forum

Member Section => Down Range Cafe => Topic started by: Pathfinder on October 20, 2009, 05:09:37 PM

Title: Cerberus Sets Its Sights on IPO for a Gun Maker
Post by: Pathfinder on October 20, 2009, 05:09:37 PM

Scrape your cash up folks, here's a chance to own a (very tiny, itty-bitty) piece of Freedom Group.

http://online.wsj.com/article/SB125599020732295081.html?mod=WSJ_hpp_sections_business (http://online.wsj.com/article/SB125599020732295081.html?mod=WSJ_hpp_sections_business)

FTA: " After bad bets on cars and home loans, Cerberus Capital Management is turning to guns and bullets.

The private-equity firm is in advanced preparations for an initial public offering of Freedom Group Inc., said people familiar with the situation, hoping to sell shares in a little-known company it has built into a dominant player in the red-hot rifle-and-ammunition business.

Over a three-year span, Cerberus -- while under the spotlight for ill-fated acquisitions of auto maker Chrysler LLC and lender GMAC LLC -- has acquired at least seven U.S. gun-and-ammunition makers.

Those companies have been consolidated into a Madison, N.C.-based company ..."