Freedom Group IPO
That was the buzz last night as reported in the WSJ:
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.
Cool. I will be able to claim I’m investing in durable goods like lead and brass. More here and they quote someone you might know.
