Cerberus Capital Management is looking to sell portfolio company Freedom Group following Friday's deadly shooting in Newtown, CT. In 2006, Cerberus consolidated a number of gun manufacturers into the newly formed company, including Bushmaster, maker of the rifle used in Friday's shooting. Through a statement released Tuesday morning, the firm disclosed plans to "immediately engage in a formal process" to sell the company, retain a financial advisor to design and execute a sales plan, and return the proceeds to its investors.
