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Story summary
- Beretta (the Italian firearms manufacturer) plans to raise its stake in Sturm, Ruger & Company to 30% by offering $44.80 per share in cash.
- Sturm, Ruger & Company's stock rose about 3% in response.
- The offer reflects Beretta's confidence in Sturm Ruger's future and expands its position in the U.S. firearms market.
- Analysts say this potential acquisition may indicate a trend of consolidation within the firearms industry.
