Smith & Wesson to publicly sell 6.25M shares; sees net proceeds of $31.9M
BOSTON (Thomson Financial) - Smith & Wesson Holding Corp. Tuesday said it will publicly sell 6.25 million shares of common stock. The Springfield, Mass.-based firearm maker said it intends to use the $31.9 million of net proceeds from the offering to repay bank debt and for general corporate purposes. Deutsche Bank and Cowen & Company were listed as the underwriters of the offering. Shares of Smith & Wesson closed Monday at $6.17.
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