Private equity firm dumps Bushmaster rifle

Private equity firm dumps Bushmaster rifle

Reuters: The company whose AR-15 type Bushmaster rifle was used in the Newtown school massacre in Connecticut will be  put up for sale by owner Cerberus Capital.

The secretive private equity firm risked the ire of investors, which include some of the largest U.S. public pension funds, after its investment in Freedom Group Inc, owner of Bushmaster Firearms International that makes the rifle, came under public scrutiny.

 

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