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 Safety Hammerless design proved popular with other manufacturers such as Iver Johnson and Harrington & Richardson. The Centennial (without grip safeties) are still made by S&W, and have been copied by other revolver manufacturers. Smith & Wesson Safety Hammerless The Smith & Wesson Safety Hammerless or Smith & Wesson New Departure (nicknamed by collectors as the Lemon Squeezer) is a double-action revolver that was produced from 1887 to 1940 by Smith & Wesson. Based on the Smith & Wesson Model 2 double-action design, the revolver incorporated an internal hammer and an external grip safety on its back-strap. It was chambered in .32