Smith & Wesson Sets Date to Spin Off Outdoor Gear Business
Smith & Wesson Brands (NASDAQ: SWBI) is about to become a pure-play gunmaker stock again after it announced it will spin off its outdoor gear and accessories business on Aug. 24.
The gunsmith had been known as American Outdoor Brands for the past few years until management decided these are really two disparate businesses. So American Outdoor Brands will begin trading as a stand-alone company under the ticker symbol AOUT on the Nasdaq exchange.
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Source Fool.com