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...Jim Geisler, executive chairman at Remington, said in February that the restructuring agreement was “prudent” due to “difficult industry conditions”....
...Shares in US gun manufacturers took a hit on Monday after Smith & Wesson was downgraded by two banks....
...We pack guns,” says Mr Chilton, who owns a .223 calibre ranch rifle, a 12-gauge shotgun and a Smith and Wesson pistol. “I have a gun with me everywhere I go.”...
...“In the days leading up to the election, there were already reports in the gun trade press of increased store traffic at dealers,” said Jim Barrett, an analyst at CL King & Associates....
...The deal sees Jim Nicol, chief executive, remain in charge of Tomkins with a retention package that could see him qualify for significant equity in the company depending upon a continuing recovery in its...
...The offer follows a decade of restructuring during which David Newlands, the chairman, and Jim Nicol, the chief executive, have sought to shrug off the “guns to buns” moniker of a high-spending conglomerate...
...Established in 1925 as a manufacturer of buckles and fasteners, it transformed itself into a global “guns to buns” conglomerate in the 1980s and 1990s through its acquisitions of arms maker Smith & Wesson...
...Jim Nicol, chief executive, would be entitled to 37 per cent of the options allotted to management, giving him a 5.5 per cent stake in Tomkins’ new owner, which has a market value of £2.9bn....
...Under the former chief executive Greg Hutchings it was dubbed the “guns to buns” conglomerate as it bought and sold businesses including gun makers Smith & Wesson and food group Rank Hovis McDougall....
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