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Major Investment Companies Pull Money Out of Gun Makers After Sandy Hook Tragedy


It appears that perhaps the recent massacre at Sandy Hook Elementary School is going to be enough to get companies to start thinking about the products they put on the market.  Well, at least when it comes to guns.  Private Equity firm Cerberus has stopped investing in firearms maker Freedom Group after the killings that took place last week.

One of the holdings of Freedom Group is Bushmaster, the company that makes the rifles used to kill 20 children and six adults in Newtown, Connecticut.

“It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level,” Cerberus Capital Management said in a statement.

Read Original Article At Techyville

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