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 3 Smith & Wesson Model 3 The Smith & Wesson Model 3 was a single-action, cartridge-firing, bottom-break revolver produced by Smith & Wesson from circa 1870 to 1915, and was recently again offered as a reproduction by Smith & Wesson and Uberti. It was produced in several variations and sub-variations, including both the "Russian Model", so named because it was supplied to the military of the Russian Empire (41,000 No. 3's were ordered in .44 caliber by the Imperial Russian Army in 1871), and the "Schofield" model, named after Major George W. Schofield, who made his own modifications to the Model