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The Boston Globe

Business

Cerberus to sell stake in gunmaker after Conn. shootings

Cerberus Capital Management, the investment firm that controls the Steward Hospital Health Care System hospital chain in Boston, said that it will sell its investment in Freedom Group, the company that makes the rifle that was used in the Connecticut school killings.

“We have determined to immediately engage in a formal process to sell our investment in Freedom Group,” the New York firm said in a statement. “We will retain a financial advisor to design and execute a process to sell our interests in Freedom Group, and we will then return that capital to our investors.”

Comments

What kind of game do you hunt where you'd need to squeeze off 30 rounds? 

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Exactly ... lets put an end to this nonsense - its long past time to outlaw assault weapons of any kind, their only purpose is to kill people, and outside of the miltary - there is no justifiable reason to permit ownership by anyone.  No idea who Cerberus Capital Management, is - but bravo to them -