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.
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