Monday, March 26, 2018

Guns

https://www.nytimes.com/2018/03/25/business/remington-bankruptcy-guns.html


https://www.nytimes.com/reuters/2018/03/26/business/26reuters-remington-bankruptcy.html

Remington is owned by private equity giant Cerberus, which began buying up gun companies a decade ago. Soon after CNBC's first investigation in 2010, Cerberus dropped plans for an initial public offering of what was then known as the Freedom Group.
After the 2012 massacre at Sandy Hook Elementary School in Newtown, Connecticut, Cerberus announced plans to exit the gun business, but could not find a buyer. Cerberus eventually let its institutional investors cash out of Freedom Group, which remained on Cerberus' books, eventually renamed Remington Outdoors.

https://www.msn.com/en-us/money/companies/remington-the-oldest-gun-maker-in-the-united-states-files-for-bankruptcy/ar-BBKHLlP?OCID=ansmsnnews11


3% own 50%

Cerberus owns Safeway ..  and at least 18 other major food chains in the USA.