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Smith & Wesson launches $50M buyback; shares rise

Jun. 25, 2015 5:26 PM ETSmith & Wesson Brands, Inc. (SWBI) StockBy: Eric Jhonsa, SA News Editor5 Comments
  • Smith & Wesson's (SWHC) new buyback lasts until June 2017, and follows a $30M buyback launched last year. It's good for repurchasing 5.5% of shares at current levels.
  • Separately, the gun maker has announced the addition of Greg Gluchowski, currently the head of Spectrum Brands' Hardware & Home Improvement division, to its board.
  • SWHC +1.2% AH to $16.91.

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