December 18, 2006

Guns > Smith &Wesson to Acquire Thompson/Center


NEW YORK (MarketWatch) -- Smith &Wesson Corp. said it was buying privately-held firearms maker Thompson/Center Arms for $102 million in cash. The deal, which is expected to close in January 2007, is expected to add 1 cent per share to 2007 earnings. The Springfield, Mass. firearms maker said it now expects 2007 earnings, which will include a 10 cents a share charge as a result of the deal, to be 27 cents a share. Previously, the company had estimated 2007 earnings, prior to the acquisition charge, of 36 cents a share. For 2008, the company raised its earnings forecast to 60 cents a share from 52 cents.
Posted by lesjones | TrackBack

Post a comment

Remember personal info?

Terms of Use