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American Outdoor Brands Moves to Split with Smith & Wesson
Last November, TFB reported that American Outdoors would be splitting from Smith & Wesson. In a June 1, 2020 press release, American Outdoor Brands announced substantive new strides to this end with a name and stock ticker symbol change. They are preparing to spin off their outdoor products and accessories business, which will remain under the American Outdoors name, from their firearms manufacturing business, chief among which is the Smith & Wesson brand. This move is pending additional preparatory steps including a tax-free stock distribution as well as a 4Q and full fiscal 2020 financial release. This stock distribution, slated for late summer, will effectively create the two independent, publicly traded companies. The press release reads as follows.
