Global Digital Solutions Inc. said in a March 11 filing with the U.S. Securities and Exchange Commission that it submitted a $1.08 billion proposal to buy gun maker Freedom Group Inc. from Cerberus Capital Management.

Global Digital's offer price is eight times Ebitda, estimated to be about $237.5 million, minus long-term indebtedness of an estimated $818 million. The company says it submitted a previous proposal on Jan. 27, but that offer expired on Feb. 17. Global Digital also revealed in the filing that it is in the process of acquiring two other unnamed companies, one that supplies military and law enforcement equipment, and another that provides technology and development services to several industries, including the military industry.

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