Freedom Group Renegs On $200M IPO

Law360, New York (April 4, 2011, 8:36 PM EDT) -- Private equity firm Cerberus Capital Management LP said Friday that it decided not to pull the trigger on the planned $200 million initial public offering for North Carolina gun and ammunition maker Freedom Group Inc.

While Freedom Group has decided not to go through with the IPO, the owner of Remington Arms Co., Marlin Firearms,  Bushmaster Firearms and other gun and ammunitions concerns still might "undertake a subsequent private offering" to raise capital, according to a filing with the U.S. Securities and Exchange Commission.

The filing...
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