You are being redirected to the story the piece of content is found in so you can read it in context. Please click the following link if you are not automatically redirected within a couple seconds:

Newtown Shooting: Investment Firm Drops Stake in Bushmaster Group

Author: Brian Ross, Ned Berkowitz, Angela Hill, ABC News, Published on: 18 December 2012

Calling the shooting a "watershed event" in the national debate on gun control, Cerberus Capital, a New York-based firm that manages over $20 billion, said in a statement Tuesday it planned to sell off its investment in the Freedom Group. Freedom Group bills itself as a "family" of more than a dozen firearm companies including Bushmaster Firearms. Officials said it was a Bushmaster assault-style rifle, the civilian version of the military's M-16, that 20-year-old Adam Lanza used in a majority of the rampage that took the lives of 20 children and six adults at Sandy Hook Elementary School Friday morning.

Read the full post here

Related companies: Cerberus Capital Management