Cerberus Stumbles - Will They Divest Pieces of Their Firearms Conglomerate?
The WSJ reports today that "Cerberus Capital Management's investors overwhelmingly want out of the firm's core hedge funds, asking for the return of more than $5.5 billion, or almost 71% of the fund assets, according to people familiar with the matter."
Cerberus owns a bunch of firearms companies that it acquired over the past few years: Bushmaster, Remington, DPMS, Marlin, EOTAC (not EOTech).
These are some of the better companies that Cerberus owns - will they have to dump them to raise cash? Or will they hold on to the winners?
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