California Treasurer Bill Lockyer will urge the state's pension funds to sell investments in manufacturers of high-capacity ammunition clips, building on his push for them to divest from firearms manufacturers whose guns are banned in the state, a spokesman said on Tuesday. In response to last month's mass shooting at Sandy Hook Elementary School in Newton, Connecticut, Lockyer is pressing the California Public Employees' Retirement System and the California State Teachers' Retirement System to divest from gunmakers whose weapons California bars private citizens from owning.The board of the teachers retirement fund, best known as Calstrs, is scheduled to take up Lockyer's plan to divest from the gunmakers on Wednesday, when the treasurer will be able to expand his proposal to manufacturers of ammunition clips banned in California, a spokesman for the fund said.Lockyer sits on the board of Calstrs and its sister fund, best known as Calpers. The companies that manufacture the clips were not immediately named.Just days after the shootings in Newton, Calstrs moved to review its holdings managed by Cerberus Capital Management LP, a private equity firm that owns Freedom Group, which manufactures the Bushmaster semi-automatic rifle, one of the firearms used by the gunman in the shooting deaths of 20 children and six adults at Sandy Hook Elementary School.
The Children's Place Retail Stores, Inc. operates as a specialty retailer of apparel and accessories for children. Shares of PLCE traded higher by 0.9% or $0.41/share to $45.98. In the past year, the shares have traded as low as $42.21 and as high as $62.24. On average, 472923 shares of PLCE exchange hands on a given day and today's volume is recorded at 602253.
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