Smith & Wesson parent company splits in two; firearm maker retains name, will be headquartered in Springfield
New companies
Corporate spokeswoman
“There have been significant changes in the political climate as well as the economic, investing, and insurance markets since we embarked upon what we believe have been our very successful diversification efforts,” said
“We also believe that this action will give the investment community clearer insight into the value creation potential in each of these independent companies, ultimately driving enhanced stockholder value,” Monheit said. “From the standpoint of our stockholders, at the time of the spin-off, the AOBC stockholders will own 100% of each company, thereby maintaining their pre-spin interest in both companies, and will thereafter have the ability to make distinct investment decisions tailored to their particular investment profile.”
The combined
Also in August,
Retailers like Dick’s Sporting Goods have also pulled back from the gun business in the wake of mass shootings, including one
Activists, including
Earlier this week, the
Under previous owners,
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