U.S. Markets closed

Cerberus struggled to find advisor for gun unit sale, Bloomberg reports

Cerberus struggled to find an advisor for the sale of Freedom Group, the firm's gun unit, with JPMorgan (JPM), Credit Suisse (CS), and Barclays (BCS) all declining to advise on the sale, according to a Bloomberg report that cites people with knowledge of the matter. The report cites several people familiar with the matter that said that Lazard (LAZ) is helping Cerberus with the sale.