Springfield, MO

Log in Subscribe

American Outdoor Brands to spin off Smith & Wesson

Posted online

American Outdoor Brands Corp. announced its board decided to spin off its Smith & Wesson firearm business.

Its two remaining standalone companies, Smith & Wesson Brands and American Outdoor Brands, also would be independent publicly traded companies.

"There have been significant changes in the political climate as well as the economic, investing and insurance markets since we embarked upon what we believe have been our very successful diversification efforts," said Barry Monheit, board chairman.

Read more from Fox Business.


No comments on this story |
Please log in to add your comment
Editors' Pick

Open for Business: Cafe Dhibs

Colleen and Ryan Sundlie launched a new Commercial Street venture next door to their Date Lady Inc. business; Citizens Memorial Hospital finalized the purchase of Stephens Pharmacy Inc.; and a retail gift and apparel shop primarily aimed at men, dubbed H.I.M., opened.

Most Read Poll
How much are you spending on holiday gifts this year?

View results