Freedom Group is planning a $200 million initial public offering (IPO), The Wall Street Journal reports. Private equity firm, Cerberus Capital Management, will take the gun maker public with the IPO.
The gun maker is planning to use the sale proceeds for general corporate purposes. Cerberus has acquired seven gun and ammunition makers over three years, which have been consolidated into Freedom.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.