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To: ~digs who wrote (32267)12/18/2006 9:20:41 AM
From: Bucky Katt  Respond to of 48463
 
Security dog update>>Gunmaker Smith & Wesson Holding Corp. (SWHC) said it agreed to buy a New Hampshire-based hunting firearms maker for $102 million in cash, and cut its 2007 earnings forecast on charges related to the acquisition.

The purchase of Thompson/Center Arms Inc. will give Smith & Wesson immediate entry into the $600-million hunting rifle and black powder segments, the company said in a statement.

Smith & Wesson now sees earnings of 27 cents a share against the 36 cents earlier forecast, after a non-cash acquisition charge of about 10 cents a share.

The company expects $218.6 million in sales in 2007,including $18.6 million from Thompson/Center Arms, it said.