Under Pressure, Cerberus To Sell Gun Maker

Following pressure from a major investor, U.S. private equity firm Cerberus Capital Management is selling gunmaker Freedom Group, whose Bushmaster AR-15 rifle was used in the Connecticut school massacre. The California State Teachers’ Retirement System had said it was reviewing its investment with Cerberus in the wake of the shooting, in which a gunman killed 20 children and six adults at Sandy Hook Elementary School in Newtown and then took his own life.