Smith & Wesson Acquires Savage Arms
Smith & Wesson Brands announced it acquired the Savage Arms business by merger.
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01:04:05 PM UTC
SquawkNews
Smith & Wesson Brands announced it acquired Savage Arms by merger from an indirect subsidiary of JDH Capital I, L.P. Terms were not disclosed.Material DetailsContext by AI AnalystThis is a strategic expansion move, advancing Smith & Wesson’s push deeper into long guns and hunting after building pre…
01:13:48 PM UTC
SquawkNews
Smith & Wesson Brands completed the acquisition of Savage in a deal valued at approximately $164.9 million. Consideration included $42.4 million in cash and 8,993,968 shares, equal to 19.99% of pre-merger shares at a $13.62 reference price, subject to a post-closing adjustment. As part of the closi…
Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based firearm manufacturer and designer, said on October 21, 2026, that it acquired the Savage Arms business through a merger from…