S&W for sale ?
- Thread starter Contender
- Start date
It's real. From CNNfn
Nothing surprising here.
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR><A HREF="http://cnnfn.cnn.com/2000/07/24/deals/wires/tomkins_guns_wg/index.htm" TARGET=_blank>
Smith & Wesson for sale?</A>
Speculation continues on Tomkins plans to sell No. 1 U.S. handgun maker
July 24, 2000: 11:47 a.m. ET
LONDON (Reuters) - British conglomerate Tomkins PLC on Monday left no doubt that its U.S. subsidiary, Smith & Wesson Corp., was up for sale, confirming it as a non-core asset.
But a spokesman for Tomkins (TKS: Research, Estimates), commenting on persistent newspaper speculation of a sale of Smith & Wesson, the world's No. 1 handgun maker, said no sale talks had begun yet.
"At the moment, this is a non-core business," the spokesman said following a report in the Wall Street Journal Monday.
Tomkins is already a long way toward shedding its "buns to guns" label, having agreed this month to sell its foods division Ranks Hovis McDougall to private equity firm Doughty Hanson for around 1.14 billion pounds ($1.73 billion).
It has said it plans to return around 700 million pounds of the food-sale proceeds to shareholders and to use the rest to reduce borrowings. A sale of Smith & Wesson, which accounts for less than 1 percent of Tomkins' annual sales, would leave the group focused on its automobile parts and home-building materials businesses.
A sale of Smith & Wesson would be likely to touch off a battle over who would cover the unit's potential liability in any remaining government suits against the company or in private suits on behalf of gun victims, the Wall Street Journal reported in its electronic edition Monday.
Shares of Tomkins' American depositary receipts rose 1/16 to 13 on the New York Stock Exchange in late morning trading Monday.
[/quote]
[This message has been edited by JimR (edited July 24, 2000).]
Nothing surprising here.
<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR><A HREF="http://cnnfn.cnn.com/2000/07/24/deals/wires/tomkins_guns_wg/index.htm" TARGET=_blank>
Smith & Wesson for sale?</A>
Speculation continues on Tomkins plans to sell No. 1 U.S. handgun maker
July 24, 2000: 11:47 a.m. ET
LONDON (Reuters) - British conglomerate Tomkins PLC on Monday left no doubt that its U.S. subsidiary, Smith & Wesson Corp., was up for sale, confirming it as a non-core asset.
But a spokesman for Tomkins (TKS: Research, Estimates), commenting on persistent newspaper speculation of a sale of Smith & Wesson, the world's No. 1 handgun maker, said no sale talks had begun yet.
"At the moment, this is a non-core business," the spokesman said following a report in the Wall Street Journal Monday.
Tomkins is already a long way toward shedding its "buns to guns" label, having agreed this month to sell its foods division Ranks Hovis McDougall to private equity firm Doughty Hanson for around 1.14 billion pounds ($1.73 billion).
It has said it plans to return around 700 million pounds of the food-sale proceeds to shareholders and to use the rest to reduce borrowings. A sale of Smith & Wesson, which accounts for less than 1 percent of Tomkins' annual sales, would leave the group focused on its automobile parts and home-building materials businesses.
A sale of Smith & Wesson would be likely to touch off a battle over who would cover the unit's potential liability in any remaining government suits against the company or in private suits on behalf of gun victims, the Wall Street Journal reported in its electronic edition Monday.
Shares of Tomkins' American depositary receipts rose 1/16 to 13 on the New York Stock Exchange in late morning trading Monday.
[/quote]
[This message has been edited by JimR (edited July 24, 2000).]
What we need to see is a pro-RKBA venture capitalist raising money to buy the tools, dies, plant, personnel - they can keep the turncoat management and the name. How's that for an IPO ?!
OK, who wants to think of a name for our new company, owned by the people of the USA, not some foreign food, home products conglomerate ? I think American and Freedom arms as names are both taken, what's left ?
Let's have some fun here.
OK, who wants to think of a name for our new company, owned by the people of the USA, not some foreign food, home products conglomerate ? I think American and Freedom arms as names are both taken, what's left ?
Let's have some fun here.
Brett Bellmore
New member
Liberty Teeth Arms. 
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Sic semper tyrannis!
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Sic semper tyrannis!
Brett Bellmore
New member
Or would that be Liberty "Tooth" arms; Sometimes this grammar stuff gives me a little trouble...
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Sic semper tyrannis!
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Sic semper tyrannis!
Citizen Arms Inc.
Speacializing in arming everday citizens for everyday dangers.
No smart gun BS, no fancy fire-control BS, no magazine safty BS. Our guns are as stupid as they can be, you pull the trigger and BANG!.
Complimentary 1 year membership to the pro-2nd Amendment group of your choice. GOA/NRA/GOAL/SAF/AIM (life members of any pro-2nd Amendment group may substitue 2 boxes of factory ammo instead.)
Complimentary voter registration form included in the box with each firearm purchase.
We refuse to sell our quality firearms to any Law Enforcement Agency, federal, state or local, who infriges upon the citizens RKBA.
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~USP
"[Even if there would be] few tears shed if and when the Second Amendment is held to guarantee nothing more than the state National Guard, this would simply show that the Founders were right when they feared that some future generation might wish to abandon liberties that they considered essential, and so sought to protect those liberties in a Bill of Rights. We may tolerate the abridgement of property rights and the elimination of a right to bear arms; but we should not pretend that these are not reductions of rights." -- Justice Scalia 1998
Speacializing in arming everday citizens for everyday dangers.
No smart gun BS, no fancy fire-control BS, no magazine safty BS. Our guns are as stupid as they can be, you pull the trigger and BANG!.
Complimentary 1 year membership to the pro-2nd Amendment group of your choice. GOA/NRA/GOAL/SAF/AIM (life members of any pro-2nd Amendment group may substitue 2 boxes of factory ammo instead.)
Complimentary voter registration form included in the box with each firearm purchase.
We refuse to sell our quality firearms to any Law Enforcement Agency, federal, state or local, who infriges upon the citizens RKBA.
------------------
~USP
"[Even if there would be] few tears shed if and when the Second Amendment is held to guarantee nothing more than the state National Guard, this would simply show that the Founders were right when they feared that some future generation might wish to abandon liberties that they considered essential, and so sought to protect those liberties in a Bill of Rights. We may tolerate the abridgement of property rights and the elimination of a right to bear arms; but we should not pretend that these are not reductions of rights." -- Justice Scalia 1998
Amen, USP45.
... with a handy-dandy copy of the Declaration, Constitution, and other assorted writings included in every box. Like the little red booklet the Cato Inst. puts out.
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Act as free men, and do not use your freedom as a covering for evil, but use it as bondslaves of God.
1 Peter 2:16.
... with a handy-dandy copy of the Declaration, Constitution, and other assorted writings included in every box. Like the little red booklet the Cato Inst. puts out.
------------------
Act as free men, and do not use your freedom as a covering for evil, but use it as bondslaves of God.
1 Peter 2:16.
Dennis Olson
New member
British conglomerate Tomkins PLC on Monday left no doubt that its U.S. subsidiary, Smith & Wesson Corp., was up for sale.
It's working..... Kick the bloody Brits outta our vital businesses.
YES, YES, YES!!!
It's working..... Kick the bloody Brits outta our vital businesses.
YES, YES, YES!!!