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 Model". In 1880, Smith & Wesson offered the Model 2 in a double-action format, whereby a single squeeze of the trigger both cocked the hammer and fired the revolver. These revolvers are easily recognizable by their fully enclosed trigger guard. The first such revolvers made by Smith & Wesson. These revolvers were available in nickel or blued finishes and a smaller version was offered in .32 Smith & Wesson. The Model 2 in .32 S&W was made in 5 iterations. The initial version was a batch of 30 revolvers that were the first of such made by Smith & Wesson