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December 20, 2006

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Smith & Wesson to Buy Thompson/Center Arms

Dirty Harry is going hunting. In a $100 million deal announced Monday, Smith & Wesson says it will purchase Thompson/Center Arms as soon as next month, according to this Associated Press report. S&W Chief Executive Mike Golden says the move will allow the company to target the $1.1 billion long gun market, while Greg Ritz, T/C's president and CEO, says the purchase will help the long gun maker expand its product line.

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