Smith & Wesson NRA and NSSF over the issue of smart guns, thousands of retailers and tens of thousands of firearms consumers boycotted Smith & Wesson. CEO Ed Shultz, who negotiated the deal, was forced out in September of that year. By December 2000, the company's stock price was 19 cents per share. Smith & Wesson dropped its smart gun plans after nearly being driven out of business. On May 11, 2001, Saf-T-Hammer Corporation acquired Smith & Wesson Corp. from Tomkins plc for US$15 million, a fraction of the US$112 million originally paid by Tomkins. Saf-T-Hammer assumed US$30 million in debt, bringing the
Smith & Wesson Model 469 finish, the Model 6906, which was the same pistol in a stainless steel finish, both operating in double-action/single-action mode. The Model 6946 was similar to the 6906 but operated in double-action-only mode. Although the 69-series of pistol is no longer produced, the polymer-framed Smith & Wesson M&P compact possesses similar dimensions, and the same barrel length and magazine capacity (in 9mm). Smith & Wesson Model 469 The Smith & Wesson Model 469 is a semi-automatic pistol, chambered for the 9mm cartridge. The Model 469 is an early model in Smith & Wesson's 59-series, envisioned as pistols that could be easily