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 460 Smith & Wesson Model 460 Smith & Wesson Model 460 is a large bore five-shot, single-action/double-action revolver by Smith & Wesson chambered for the .460 S&W Magnum cartridge. It was designed as a hunting and dangerous game defensive revolver for use in Africa and Alaska. The revolver is built on the company's largest and strongest frame, known as the X-Frame, and represents a joint effort between Smith & Wesson, Hornady, and Cor-Bon. The basic design of the Model 460 is based on the other X-frame revolver, its counterpart, the Smith & Wesson Model 500, a .50 caliber revolver. Aside from