They'd have to factor that in which would lower the price,вЂќ he says. 'Right now, any perspective buyer would have to factor in the idea of an assault gun ban or semi-automatic weapons ban. And another company taking action is Dick's Sporting Goods which decided to suspend selling modern sporting rifles in all of their stores and removed all guns from sale and display at its store close to Newtown. Though gun sales have spiked since last week, Primack says gun stocks have plummeted. вЂњI am not sure whether or not investors such as CalSTRS made calls specifically, but I believe they did have discussions with some of their investors about this situation,вЂќ he said. Feinberg told Bloomberg News the shooting was вЂњdevastating.вЂќД«ut Primack said he understands it isn't any one thing forcing Cerberus to sell Freedom Group. FeinbergвЂ™s father, Martin, is a Newtown resident, living six miles away from Sandy Hook elementary. This is a decision that was made for other reasons,вЂќ he said.Д¬erberus CEO Stephen A. 'Judging by what's happened to publicly traded gun makers like Smith & Wesson and the general PR around this - and the fact that it is going to be very hard to find a buyer, this is not an investment decision. And usually when a private equity firm chooses to sell a company, itвЂ™s because they think itвЂ™s a good time to do so. Primack, though, says they donвЂ™t have a buyer lined up. That is the job of our federal and state legislators,вЂќ they said.Д«ut now Cerberus is trying to sell Freedom. вЂњIt is not our role to take positions, or attempt to shape or influence the gun control policy debate. In a statement released by Cerberus, they said their role is to make investments on behalf of their clients, which include the pension plans of firemen, teachers, policemen and other municipal workers and unions, endowments, and other institutions and individuals. Primack said CalSTRS claims it owns only 2.4 percent of Freedom Group, but they havenвЂ™t released an explanation for the discrepancy. вЂњThat means that it effectively could own a 6.67 percent stake in the gun maker, which filed to go public in late 2009 before pulling the offering in early 2011,вЂќ he said. In the fallout from Sandy Hook, Cerberus announced Tuesday they plan to sell the firearms conglomerate Freedom Group.Дan Primack, senior editor at Fortune Magazine, says CalSTRS committed to invest $500 million into a $7.5 billion Cerberus fund that helped bankroll Freedom Group. Turns out, some of those teachers' investments are in the Freedom Group, which violates the group's policies. 223 Bushmaster,В is produced by a conglomerate known as the Freedom Group, owned by a company called Cerberus Capital Management.Д¬erberus manages investments for large clients, often including teacher retirement systems, including the system for California teachers, the California State TeachersвЂ™ Retirement System. The company that manufacturers the assault rifle used in last Friday's elementary school shooting, the.

Cerberus capital management