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Saf T Hammer Corp

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May 15, 2001 | MYRON LEVIN, TIMES STAFF WRITER
Smith & Wesson, a slumping icon of the American firearms industry, has been sold by its British owner for $15 million to a start-up developer of gun safety devices, Saf-T-Hammer Corp. of Scottsdale, Ariz. The nearly 150-year-old company is being jettisoned by Tomkins, which purchased the legendary gun maker in 1987 for more than $100 million. The low sale price reflects Smith & Wesson's continuing exposure to litigation over gun violence in U.S.
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BUSINESS
May 15, 2001 | MYRON LEVIN, TIMES STAFF WRITER
Smith & Wesson, a slumping icon of the American firearms industry, has been sold by its British owner for $15 million to a start-up developer of gun safety devices, Saf-T-Hammer Corp. of Scottsdale, Ariz. The nearly 150-year-old company is being jettisoned by Tomkins, which purchased the legendary gun maker in 1987 for more than $100 million. The low sale price reflects Smith & Wesson's continuing exposure to litigation over gun violence in U.S.
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