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 for law enforcement officers. The Model 27 started the "Magnum Era" of handguns. The high point was in 1955 when the company created the Smith & Wesson Model 29 in .44 Magnum. Two decades later the Dirty Harry movies made this gun a cultural icon. In 1965 the Wesson family sold its controlling interest in Smith and Wesson to Bangor Punta, a large American conglomerate. Over the next decade Bangor Punta diversified the company's civilian sales to include related gun products (such as holsters) as well as offering additional police equipment (such as handcuffs and breathalyzers). By the late 1970s