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Cerberus to Sell Bushmaster Maker After Shootings (Pressured by Calif. Teachers Pension)
Reuters ^ | Tuesday, December 18, 2012 | Sakthi Prasad

Posted on 12/18/2012 9:44:44 AM PST by kristinn

Following pressure from a major investor, U.S. private equity firm Cerberus Capital Management is selling gunmaker Freedom Group, whose Bushmaster AR-15 rifle was used in the Connecticut school massacre last week.

The California State Teachers' Retirement System (CalSTRS) said on Monday it was reviewing its investment with Cerberus in the wake of Friday's shooting, in which a gunman killed 20 children and six adults at Sandy Hook Elementary School and then took his own life.

Before going to the school, the gunman, Adam Lanza, 20, shot dead his mother in the home they shared, according to law enforcement officials.

In addition to Cerberus, some gun retailers also took steps.

SNIP

CalSTRS, the second-largest pension fund in the United States, had invested $751.4 million with Cerberus by the end of March 2012, according to its website.

Cerberus said on Tuesday it would hire a financial adviser to sell its interests in Freedom Group and return the proceeds to investors.

The private equity firm expressed shock and grief at the killings in Newtown but added that Freedom Group was not responsible.

"We do not believe that Freedom Group or any single company or individual can prevent senseless violence or the illegal use or procurement of firearms and ammunition," it said.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; US: California
KEYWORDS: banglist; bushmaster; calstrs; cerberus; freedomgroup
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To: IYAS9YAS

It’s not an AR-15. I saw a cop carrying it. It was a wooden stock hunting rifle with a scope. I’ve held an AR-15. Our police Chief handed it too me. I know what it looks like up close.


41 posted on 12/18/2012 11:14:06 AM PST by massgopguy (I owe everything to George Bailey)
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To: Celerity

those letters will go but the item will continue.


42 posted on 12/18/2012 11:14:29 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: IYAS9YAS

It’s not an AR-15. I saw a cop carrying it. It was a wooden stock hunting rifle with a scope. I’ve held an AR-15. Our police Chief handed it too me. I know what it looks like up close.


43 posted on 12/18/2012 11:14:38 AM PST by massgopguy (I owe everything to George Bailey)
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To: cherokee1

Good to know. Thanks.


44 posted on 12/18/2012 11:15:41 AM PST by sarasota
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To: twistedwrench

Isn’t there a forward in a book authored by a liberal radical who gives credit to Lucifer?


45 posted on 12/18/2012 11:18:10 AM PST by sarasota
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To: massgopguy

so the media mob is lying about the type?


46 posted on 12/18/2012 11:21:13 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: massgopguy
It’s not an AR-15. I saw a cop carrying it. It was a wooden stock hunting rifle with a scope.

Any chance you may have a link to a photo?

So much is being said by the evil press that we need to have some of their lies broken, and what better place to start breaking them than here at FR. Dan Rather found that out the hard way.

47 posted on 12/18/2012 11:29:11 AM PST by OldMissileer
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To: sarasota

“Lest we forget at least an over-the-shoulder acknowledgment to the very first radical: from all our legends, mythology, and history... the first radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom — Lucifer.”

Saul Alinsky

Something tells me you know of this author :)


48 posted on 12/18/2012 11:32:32 AM PST by twistedwrench
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To: Darksheare

we have significant trolls here.

when it is likely the Media Mob will be lurking, the troll post the kook religion threads or nutcase creationism threads. It is no surprise outfits like poedesta’s media matters and the like would psy op here.


49 posted on 12/18/2012 11:40:58 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: longtermmemmory

Yuppers.
Patience is the key to catching them.
They’ll get progressively bolder if the media drumbeat continues.


50 posted on 12/18/2012 11:43:58 AM PST by Darksheare (Try my coffee, first one's free.....)
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To: twistedwrench

I couldn’t think of his name, so thank. That’s one to remember, very telling, beyond troubling.


51 posted on 12/18/2012 11:47:49 AM PST by sarasota
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To: sarasota
45 Isn’t there a forward in a book authored by a liberal radical who gives credit to Lucifer?

None other than ...

http://en.wikipedia.org/wiki/Rules_for_Radicals
Rules for Radicals: A Pragmatic Primer for Realistic Radicals is the last book written by community organizer Saul D. Alinsky, published in 1971 shortly before the author's death. In it, Alinsky describes his theory and methods of organizing to the current generation of young activists, largely drawing upon his own experiences.

Alinsky’s dedicatory to Rules for Radcials: “Lest we forget at least an over-the-shoulder acknowledgment to the very 1st radical: from all our legends, mythology, and history (and who is to know where mythology leaves off and history begins — or which is which), the 1st radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom (i.e., hell) - Lucifer.

52 posted on 12/18/2012 11:47:57 AM PST by MacNaughton
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To: MacNaughton

The community organizer whose dictates shaped Obama. We are in a world of hurt.


53 posted on 12/18/2012 11:51:36 AM PST by sarasota
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To: MacNaughton

I see there’s a book, Alinsky Defeater that might be a good read for us to combat the community organizer-in-chief.


54 posted on 12/18/2012 12:18:07 PM PST by sarasota
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To: massgopguy

So you held a AR-15. Was it a Bushmaster? There are many mfg of this style gun and many options as well. What made that AR-15 that you held any different than many other rifles?


55 posted on 12/18/2012 1:49:21 PM PST by Tspud1
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To: kristinn

With the stock currently depressed because of the shooting, this seems to be a bad fiduciary decision. I guess the pension funds invested in this firm have money to burn.


56 posted on 12/18/2012 2:11:16 PM PST by CharlesWayneCT
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To: sarasota
54 I see there’s a book, Alinsky Defeater that might be a good read for us to combat the community organizer-in-chief.

Don't know that 1. But I have read and highly recommend the booklet below. Copies of it were passed out at our local TEA Party meeting last spring.

Barack Obama’s Rules for Revolution: The Alinsky Model, by David Horowitz, © 2009, David Horowitz Freedom Center 52 page booklet, 4” x 6”, $US 3.00 ea., Elizabeth@horowitzfreedomcenter.org A compact, concise booklet which reveals the truth behind the political and culture wars that have Balkanized and greatly weakened America during the last 50 years. It draws heavily upon Saul Alinsky’s book, Rules for Radicals and David Horowitz’s own years of involvement with the American political left. Click the link below to read on-line in PDF format.

http://frontpagemag.com/2012/01/27/obama%E2%80%99s-rules-for-revolution-the-alinsky-model/ Click the link above to read on-line in PDF format.

57 posted on 12/18/2012 2:41:14 PM PST by MacNaughton
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To: kristinn

Went to my sporting goods store today and Bushmasters and AR 15 frame weapons were flying off the shelves. Absolute insanity buying the weapons right now. This company isn’t making any decision based upon sales and demand.


58 posted on 12/18/2012 2:57:14 PM PST by vetvetdoug
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To: TheRhinelander

From the Washington post:

Snip - “He had two semiautomatic pistols and a .223-caliber rifle, law enforcement officials said. He apparently used only the handguns, which were later found in the school. The rifle was found in the vehicle.”

http://www.washingtonpost.com/local/crime/adam-lanza-is-recalled-as-a-rambunctious-kid-with-family-problems/2012/12/14/795ad0fe-4641-11e2-8e70-e1993528222d_story.html


59 posted on 12/18/2012 8:40:52 PM PST by Tagurit (Are your pigs fed, watered and ready to fly?)
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To: Tagurit

Not that I trust the Washington Post!


60 posted on 12/18/2012 8:43:36 PM PST by Tagurit (Are your pigs fed, watered and ready to fly?)
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