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November 22, 2009 7:35:47 PM EST

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Cerberus' Freedom Group Files For IPO
Wednesday October 21, 2009 10:38:00 EDT

(RTTNews) - Freedom Group, Inc., controlled by private equity firm Cerberus Capital Management, L.P., disclosed in a filing with the U.S. Securities and Exchange Commission that it plans to raise as much as $200 million through initial public offering of common stock.

Freedom Group, a manufacturer of firearms and ammunition products, did not disclose either the number of shares it intends to offer, nor its estimated price range.

For the six-months ended June 30, 2009, the company posted net income applicable to Common Stock of $23 million and net sales of $427.3 million.

Two other firms announced the pricing details of their IPOs today. PlainsCapital Corp. said Wednesday that it expects its initial public offering of 15 million shares to be priced at $14-$16 per share. The company intends to use the offering proceeds to repay the funds it received from the U.S. Treasury. The company said that its shares have been authorized for listing on the New York Stock Exchange under the ticker symbol "PCB."

AGA Medical Holdings, Inc., a manufacturer of medical devices for the treatment of structural heart defects and vascular diseases, on Wednesday announced the pricing of its initial public offering of 13.75 million shares of common stock at $14.50 per share.

The company said it expects to sell 6.51 million shares, and selling stockholders to sell 7.24 million shares in the offering. The company expects to grant the underwriters a 30-day option to purchase up to an additional 2.06 million shares to cover overallotments.

The company expects to close the offering on October 26. The common stock will be listed on the Nasdaq Global Select Market and will trade under the symbol "AGAM."

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