STURM, RUGER SUBMITS BID FOR SMITH AND WESSON Sturm, Ruger and Co Inc said it submitted a bid in excess of 60 mln dlrs for Smith and Wesson, a manufacturer of law enforcement firearms, and a unit of Lear Siegler. Smith and wesson is among a number of companies being sold by Forstman and Little after its recent acquisition of Lear Siegler.