Smith & Wesson Holding CorporationNASDAQ
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  • Mon, Aug. 29, 9:09 AM
    • Smith & Wesson (NASDAQ:SWHC) has completed the acquisition of Crimson Trace, an industry leader in laser sighting systems and tactical lighting for firearms, for $95M.
    • Crimson will operate as the company's newly established Electro-Optics Division.
    • SWHC +0.7% premarket
    | Mon, Aug. 29, 9:09 AM | 10 Comments
  • Mon, Jul. 18, 8:50 AM
    • Smith & Wesson Holding Corporation (NASDAQ:SWHC) announces that its Battenfeld Technologies division acquired knife maker Taylor Brands for $85.0M .
    • The company plans to use cash on hand to make the purchase.
    • Taylor Brands has been a long-standing licensee for both Smith & Wesson and M&P branded knives and is the direct owner of a number of highly-regarded, legacy brands including Schrade, Uncle Henry, Old Timer, and Imperial.
    • Smith & Wesson CEO James Debney on the deal:  "Taylor Brands has delivered solid growth as well as gross margins that are aligned with those in our existing Accessories Division. We believe that these newly added product lines will benefit synergistically from the product innovation, distribution network, and efficient sourcing model that have contributed to the success of our Accessories Division."
    • The company expects the transaction to close in three to six weeks.  Due to its anticipated timing, the transaction is expected to have no impact on Smith & Wesson's operational and financial results for the FY17 Q1 ending July 31, 2016.
    • The purchase price for Taylor Brands  represents an estimated multiple of approximately 11x the trailing twelve month EBITDA.
    • SWHC +1.411% premarket to $28.75
    • Source: Press Release
    | Mon, Jul. 18, 8:50 AM | 11 Comments
  • Nov. 26, 2014, 9:12 AM
    • Smith & Wesson (NASDAQ:SWHC) agrees to acquire hunting and shooting accessories provider Battenfeld Technologies for $130M.
    • SWHC expects the deal to be accretive to gross margins, EPS and cash generated in FY 2016, which begins May 1, 2015.
    • Battenfeld develops and sells shooting, reloading, gunsmithing and gun cleaning supplies.
    | Nov. 26, 2014, 9:12 AM
  • Sep. 14, 2011, 5:16 PM
    Smith & Wesson (SWHC) closed up 6.4% after the gun manufacturer raised FY12 guidance yesterday afternoon, less than a week after lowering it. Shares may have also been lifted by a note from Anondale Partners' Bret Jordan, who claims the amending of change-of-control contracts for executives demonstrate the company is positioned for a takeover.
    | Sep. 14, 2011, 5:16 PM | 1 Comment