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Man Who Wants to Buy the Biggest U.S. Gun Maker Doesn't Own a Gun
#1
Quote:The other day I reported an out-of-the-blue unsolicited $1 billion takeover bid for Freedom Group, the largest gun and ammunition manufacturer in the U.S.

The March 11 proposal by a little-known Palm Beach, Fla., company called Global Digital Solutions struck me as dubious, given the would-be buyer’s tiny size and lack of a track record in the insular small-arms business.

The needle on my bizarre-o meter twitched when Global Digital (GDSI) couldn’t put me in touch with its founder and chief executive, a serial tech entrepreneur named Richard Sullivan.

Finally, there was the vituperative reaction from Freedom, a privately-held conglomeration controlled by the New York-based private equity firm, Cerberus Capital Management. What the heck is going on here?

That Cerberus might unload Freedom Group—whose brands include Remington, Bushmaster, DPMS/Panther Arms, Marlin, Para USA, and Barnes Bullets—isn’t so far-fetched. Bushmaster manufactured the semiautomatic military-style rifle used by the killer in the December 2012 Newtown, Conn., elementary school massacre., and investor outcry following that horrific event put pressure on Cerberus to announce it would seek a buyer for Freedom Group.

After shopping the company around for a while, Cerberus said it would recapitalize Freedom in an arrangement allowing antsy investors to step away from the gun business.

http://www.businessweek.com/articles/201...gn_id=yhoo
It's the "BILL OF RIGHTS" not the bill of "needs"
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#2
Between this, the fact that Remington builds shitty Marlin lever rifles, and the nose dive that the R51 took after it had a lot of potential to be a great pistol, I'm probably never going to buy a Freedom Group product ever again.
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#3
Fact check... fact check in aisle 3 please.

Last I heard this "offer" was being laughed at for the stupidity it truly is. IIRC, the offer was for less money than the company nets in one year. It would probably have to be increased by an order of magnitude to be taken seriously. Additionally, it has been suggested that the source of the offer doesn't even have the funds to support its own offer, it's just a publicity stunt.

I thought this had all been exposed a couple weeks ago. Dodgy
“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.”

William Pitt
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#4
Curmudgeon;139604 Wrote:Fact check... fact check in aisle 3 please.

Last I heard this "offer" was being laughed at for the stupidity it truly is. IIRC, the offer was for less money than the company nets in one year. It would probably have to be increased by an order of magnitude to be taken seriously. Additionally, it has been suggested that the source of the offer doesn't even have the funds to support its own offer, it's just a publicity stunt.

I thought this had all been exposed a couple weeks ago. Dodgy

Yeah... Cerebus... Who's the dummy, now, Mr. Quayle? I bet you laugh all the way to the banks that you own. Let's see... The owner of a highly profitable light manufacturing group with a high demand for its products and lucrative government contracts is going to make a fast buck and lose all the greater future earnings... Right.
tolerance for failure meter... LOW
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#5
Curmudgeon;139604 Wrote:Fact check... fact check in aisle 3 please.

Last I heard this "offer" was being laughed at for the stupidity it truly is. IIRC, the offer was for less money than the company nets in one year. It would probably have to be increased by an order of magnitude to be taken seriously. Additionally, it has been suggested that the source of the offer doesn't even have the funds to support its own offer, it's just a publicity stunt.

I thought this had all been exposed a couple weeks ago. Dodgy

I still stand by the fact that Freedom Group pisses me off because they ruined Marlin lever rifles, the R51 is supposively junk, and their ammo sucks. Tongue
[Image: pa_zps59e4c512.png?t=1379682235]
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#6
Thats seems like far too many eggs in one basket. It makes me uncomfortable thinking that one big company could fall into the wrong hands. They do have share holders right?
das, proud to be a member of pa2a.org since Sep 2012.
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