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Provider: Pechala's Reports

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Smith & Wesson Holding Corp Completes $100 Million Stock Repurchase, Authorizes Additional $15 Million

Tuesday, 1 Oct 2013 09:20am EDT 

Smith & Wesson Holding Corp announced that it has completed the repurchase of $100 million of the Company's outstanding common stock through a program authorized by its Board of Directors in June of 2013. Under the program, which included the tender offer recently completed in July 2013, the Company purchased 9.0 million shares of its common stock at an average price of $11.09, resulting in 55.8 million shares outstanding. Based on the results of the repurchase program, the Company anticipates fully diluted shares of approximately 60.4 million for the quarter ending October 31, 2013. The Company also announced that its Board has authorized the repurchase of an additional $15 million of the company's common stock in open market or privately negotiated transactions. 

Company Quote

-0.14 -1.01%
25 Jul 2014