Smith & Wesson announced that it has increased the purchase price to be paid in its previously announced fixed-price cash tender offer from $10.00 per share to $11.00 per share for an aggregate purchase price of up to $75M. As a result of the increase to the purchase price, the company has decreased the maximum number of shares it is offering to purchase in the Offer. The company also extended the expiration date of the Offer to 12:00 midnight, New York City time, on the evening of July 23. The Offer otherwise remains subject to all previously announced terms and conditions. The company announced on June 13 that its Board of Directors had approved the repurchase of up to $100M of the company's outstanding common stock, including the repurchase for cash of up to $75M of common stock by way of a fixed-price issuer tender offer, with the remaining authorized balance to be repurchased in open market or privately negotiated transactions. The increased purchase price of $11.00 per share represents an increase of 10% over the original $10.00 per share purchase price and a premium of approximately 18.3% to the closing price of $9.30 on June 13, the last full trading day before the company announced its intention to commence the Offer.