Cerberus is a PE fund - this is actually an abnormal move for them given that, at their core, they are opportunists that are looking for significant multiples on their investments in an exit/terminal event. Their move is driven by CalSTERS who wants out because Freedom owns Bushmaster (think Sandy Hook), as well as Remington, Marlin, Advanced, and when CalSTERS calls, investment fund managers move. They would have kept it for years to come if CalSTERS hadn't called and guilted them into it: "sell it or we'll invest our $ elsewhere" was most likely the message. Cerberus is simply bowing to the pressure.