British Parent Co. looking to unload S&W.
Hoping to get out from under pending litigation, as more cities sue the fire arms industry with ,what some feel is frivious litigation,an unidentified source said Smith & Wesson may be put up for sale by
its owner, The English conglamorate Tomkins PLC.
A London newspaper sugested that the sale might realize more than $160 Million.
Officials at S&W at first said that they knew nothing of such plans but
then S&W CEO Ed Shultz finally spoke with officials at parent company Tompins.
Tompins PLC announced last week that it was refocusing on business and automotive products. They are going to divest themselves of companies that dont fit into that focus when they have an opportunity, but there is
nothing ongoing with S&W at this
time.----------------------------------------
One gets the feeling that S&W could be sold as soon as, or when ever the opportunity arrives and I bet
some feel, the sooner the better; however , this is meerly speculation on my part at this point in time.
Anyone want to bet that Im right?
P>S> My condolences in advance to S&W workers. Prehaps you should start looking into alternate employment just in case-- Boy Scout Moto--Be Prepaired for the
Worst & pleasently suprised if it does not happen.
------------------
In 2000, we must become
politically active
in support of gun rights
or we WILL LOSE the right
& the freedom.
NO FATE BUT WHAT WE MAKE!!!
Every year,over 2 million Americans use firearms
to preserve life,limb & family.Gun Control Democrats
would prefer that they are all disarmed and helpless and die,instead.
ernest2, Conn. CAN opp. "Do What You Can"!
http://thematrix.acmecity.com/digital/237/cansite/can.html
Hoping to get out from under pending litigation, as more cities sue the fire arms industry with ,what some feel is frivious litigation,an unidentified source said Smith & Wesson may be put up for sale by
its owner, The English conglamorate Tomkins PLC.
A London newspaper sugested that the sale might realize more than $160 Million.
Officials at S&W at first said that they knew nothing of such plans but
then S&W CEO Ed Shultz finally spoke with officials at parent company Tompins.
Tompins PLC announced last week that it was refocusing on business and automotive products. They are going to divest themselves of companies that dont fit into that focus when they have an opportunity, but there is
nothing ongoing with S&W at this
time.----------------------------------------
One gets the feeling that S&W could be sold as soon as, or when ever the opportunity arrives and I bet
some feel, the sooner the better; however , this is meerly speculation on my part at this point in time.
Anyone want to bet that Im right?
P>S> My condolences in advance to S&W workers. Prehaps you should start looking into alternate employment just in case-- Boy Scout Moto--Be Prepaired for the
Worst & pleasently suprised if it does not happen.
------------------
In 2000, we must become
politically active
in support of gun rights
or we WILL LOSE the right
& the freedom.
NO FATE BUT WHAT WE MAKE!!!
Every year,over 2 million Americans use firearms
to preserve life,limb & family.Gun Control Democrats
would prefer that they are all disarmed and helpless and die,instead.
ernest2, Conn. CAN opp. "Do What You Can"!
http://thematrix.acmecity.com/digital/237/cansite/can.html
