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Cerberus To Sell Freedom Group to . . . Itself

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“Stephen Feinberg and other partners of the private-equity firm that put a gun manufacturer up for sale after the Newtown, Conn., school shootings last year are forming a bid for the gun company,” wsj.com reports. “although they remain prepared to sell it to a higher bidder.” No conflict of interest there—in the sense that Texas women are so ugly they could make a train take a dirt road. “The quick decision to sell the company raised the possibility that Cerberus would receive lowball bids . . . With that concern in mind, some Cerberus partners have joined forces to submit their own bid to create a floor in the auction.” In other words, Cerberus’ investors take a bath, Cerberus’ owners (including NRA Board Member wannabe and self-appointed CEO George Kollitedes, above center) buy the Freedom Group for a song, break it up, sell the various pieces and make a killing. Personally. And the brands live to fight another day. Or die another day, depending. How great is that?

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