Smith & Wesson completes acquisition of Savage Arms in $160M deal

Smith & Wesson has completed its acquisition of Savage Arms in a deal valuing Savage at $160 million, paid with about 9 million Smith & Wesson shares plus $37.5 million in cash. Savage brings hunting, competition and target rifles and shotguns to a lineup where handguns were over 80% of sales.

Detected & updated continuously · Source: Nebula