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 320 Smith & Wesson Model 320 The Smith & Wesson Model 320 was a revolving rifle produced by Smith & Wesson in the late 19th century. The Smith & Wesson Model 320 is the rarest Smith & Wesson in existence and highly prized by collectors. The Smith & Wesson Model 320 revolving rifle was based heavily on the design of the Smith & Wesson Model 3 pistol. 977 revolving rifles were manufactured between 1879 and 1887. They were serial numbered 1 to 977, with 840 being sold in the U.S. while 137 were exported. The revolving cylinder design, while popular with