NEW YORK: Private equity mogul Stephen Feinberg is exploring a bid for Freedom Group, the Bushmaster rifle manufacturer that his firm, Cerberus Capital Management LP, put up for sale after one of its guns was used in a Connecticut school shooting late last year, three people familiar with the situation said on Tuesday.
Feinberg, along with other senior Cerberus partners, is putting together a consortium to make a "stalking horse" offer, or the floor bid, for Freedom Group, the sources said.
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