Smith & Wesson Brands, Inc., which will include the firearms business; and American Outdoor Brands, Inc., which will include the outdoor products and accessories business.
Following the spin-off,
Beginning on or about
- A ‘regular way’ market (NASDAQ: SWBI) in which shares of
Smith & Wesson Brandscommon stock will trade with an entitlement to receive shares of American Outdoor Brandscommon stock on the distribution date; and
- An ‘ex-distribution’ market (NASDAQ: SWBIV) in which shares of
Smith & Wesson Brandscommon stock will trade without an entitlement to receive shares of American Outdoor Brandscommon stock on the distribution date.
No action is required by
The spin-off is subject to customary conditions, including receipt of a tax opinion from counsel, effectiveness of the Form 10 registration statement filed with the
Cowen is serving as financial advisor;
Safe Harbor Statement
Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, our proposed spin-off of our outdoor products and accessories business, which will create two independent, publicly traded companies:
Contact: Liz Sharp, VP Investor Relations