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April 18, 2013
07:47 EDTATK, RGR, SWHCWeapons companies show interest in Freedom Group , WSJ reports
A number of U.S. weapons makers are interested in a potential bid for gun maker Freedom Group, owned by Cerberus Capital Management, that was put up for sale after a rifle it manufactured was used in the Newtown, CT school massacre, sources say, reports the Wall Street Journal. The expected sale price is about $1B, sources added. Smith & Wesson (SWHC) and Sturm, Ruger (RGR) are said to have asked for detailed information. Alliant Techsystems (ATK), an aerospace and defense company that makes ammunition and firearms accessories, is also interested. Reference Link
News For SWHC;RGR;ATK From The Last 14 Days
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October 5, 2015
17:30 EDTRGR, SWHCGunmakers surge as Clinton vows regulatory reform
Shares of gunmakers Smith & Wesson (SWHC) and Sturm Ruger (RGR) advanced Monday after presidential candidate Hillary Clinton reaffirmed her vow to expand firearm regulations following last week's Oregon shooting. REGULATORY PROMISES: Speaking at a New Hampshire town hall meeting, Hillary Clinton outlined her plan to reduce gun violence across the United States. The presidential candidate vowed to close loopholes affecting sales at gun shows and over the Internet, no longer permitting private sellers to skip background checks. Additionally, the Democrat promised to revise the so-called "default proceed" rule, which currently allows gun sales to proceed without background checks if that check is not completed within three days. Clinton also said she would strive to repeal a law preventing victims of gun crime from suing the firearm manufacturers themselves, and called for comprehensive background checks to "keep guns out of the hands of domestic abusers, other violent criminals, and the severely mentally ill." PRICE ACTION: Shares of Smith & Wesson and Sturm Ruger rose a respective 7.29% and 2.75% during Monday's session, while hunting retailer Cabelas (CAB) advanced 2.88%. The positive moves come after a reported surge in gun sales on fears of sharply increased regulations, with Clinton notably promising to "take administrative action" on the issue.

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