Update: Bushmaster gunmaker to be sold after shooting

Private equity firm Cerberus has put U.S. firearms maker Freedom Group up for sale following Friday’s killing of 20 children and 6 adults at the Sandy Hook school shooting in Connecticut. Cerberus will hire advisers to carry out a sale of the company, and return the money to its investors, which include the California State Teachers’ Retirement System (CalSTRS).  More…