Private equity firm Cerberus Capital Management LP announced on Dec. 18 that it is selling its interests in Freedom Group Inc., which owns Bushmaster Firearms International, maker of the AR 15 rifle, one of the guns allegedly used in the Dec. 14 Sandy Hook Elementary School massacre in Newtown, Conn.

“We were shocked and deeply saddened by the events that took place at the Sandy Hook Elementary School,” says Cerberus in a statement, which explains that affiliates of the New York investment firm made a 2006 financial investment in Freedom Group, which, it says sells weapons only to federally licensed firearms dealers and distributors.

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