American Outdoor Brands Corp. announced Wednesday afternoon that it would split into two companies to separate its gun-manufacturing business and the rest of...
American Outdoor Brands Corp.
announced Wednesday afternoon that it would split into two companies to separate its gun-manufacturing business and the rest of its products. plans to spin off its outdoor-products and -accessories business in a tax-free dividend to stockholders, and allow that business to retain the American Outdoor Brands Inc. name. The gun business will be renamed Smith & Wesson Brands Inc., the name associated with its firearms.
also reaffirmed its financial guidance for the fiscal second quarter, which ended Oct. 31, and plans to announce results on Dec. 5. shares were halted just after markets closed, and gained more than 2% in extended trading after being released from the hold at 4:50 p.m. Eastern time.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘The Insider’ at 20: As Alive With Style and Possibility as EverMichael Mann’s tobacco industry whistle-blower drama belongs to a distinct moment in the history of truth, American politics, the press, and corporate power.
Read more »
American Parents Spend Almost As Much On Daycare As They Do On RentThis is not great news.
Read more »
Teeming with engineers, Alabama's Rocket City USA is luring hot new industries to townA new era for aerospace and defense has been emerging — and Huntsville, Alabama is capitalizing on it.
Read more »
Warren proposes 'corporate perjury' law related to industry-funded researchU.S. Senator Elizabeth Warren on Tuesday proposed a new 'corporate perjury&...
Read more »
Duke, MIT, USC, Cleveland Clinic to Split $1 Billion GiftFour institutions have received windfalls of $261 million each after closely held manufacturing company Lord Corp. closed its $3.68 billion sale late last month to Parker Hannifin Corp.
Read more »
Soap star Jason Thompson is giving up his outdoor bathtubThe actor has listed his Hollywood Hills Midcentury for $1.275 million.
Read more »