Freedom Group, Inc., which is controlled by private equity firm Cerberus Capital Management, L.P., disclosed in a filing with the U.S. Securities and Exchange Commission that it plans to raise as much as $200 million through initial public offering of common stock.
Freedom Group, a manufacturer of firearms and ammunition products, did not disclose either the number of shares it intends to offer, nor its estimated price range.
For the six-months ended June 30, 2009, the company posted net income applicable to Common Stock of $23 million and net sales of $427.3 million.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.