Cerberus to sell gun company that makes Bushmaster
The company that makes one of the weapons used to kill elementary school children in Connecticut is being put up for sale by its owner, which called Friday's tragedy a "watershed event" in the debate over gun control.
The private-equity group Cerberus Capital Management said Tuesday it will sell its controlling stake in Freedom Group International, the maker of Bushmaster rifles. Investors also continued to bail out of other gunmakers while the retailer Dick's Sporting Goods said it would stop selling military-style rifles.
The activity comes as the political winds appear to be shifting. Some Republicans now say they're willing to discuss the issue of gun control — along with mental health issues and violent video games,
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