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 2 Smith & Wesson Model 2 The Smith & Wesson Model 2, also referred to as the Smith & Wesson .38 Single Action, was Smith & Wesson's first .38 caliber revolver. Chambered in .38 S&W, its cylinder held 5 shots. The single action version was produced in three varieties from 1876 through 1911, with total production exceeding 223,000. The Smith & Wesson Model 2 was a "top-break", with the barrel release catch located on the top of the frame, just in front of the hammer. It was a larger caliber version of the third model of the Smith & Wesson Model