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USR will be operated as a wholly-owned subsidiary of Smith & Wesson.
Announcement (June 18, 2009):
Smith & Wesson has entered into a definitive agreement to acquire USR for a consideration of up to 9.7 million shares of common stock and $26.2 million in cash. The transaction is valued at approximately $73.15 million.
Bass, Berry & Sims PLC is acting as legal advisor, while Avondale Partners LLC is acting as financial advisor to USR.
Deal Value (US$ Million) 73.15 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2009-07-21
Deal Participants
Target (Company) Universal Safety Response, Inc. Acquirer (Company) Smith & Wesson Holding Corporation
Deal Rationale
The transaction would provide Smith & Wesson entry into the perimeter security market and expand its revenue base into commercial and non-firearms categories.
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