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Beretta Aims for 50% Stake in Sturm Ruger; Board Urges Rejection

4/2/2026

30 7 Full Breakdown

Summary

Story summary

Beretta, the Italian gunmaker, seeks to acquire up to 50% of Sturm Ruger & Co., Ruger's proxy filing.
Beretta has a 9.95% stake and proposes a tender for 20% more at $44.80 per share.
Sturm Ruger & Co.'s board urges shareholders to reject Beretta's advances at the annual meeting.
Beretta's legal team has threatened action against Sturm Ruger & Co., asserting the board prioritizes its interests over shareholders.

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Story summary

Beretta, the Italian gunmaker, seeks to acquire up to 50% of Sturm Ruger & Co., Ruger's proxy filing.
Beretta has a 9.95% stake and proposes a tender for 20% more at $44.80 per share.
Sturm Ruger & Co.'s board urges shareholders to reject Beretta's advances at the annual meeting.
Beretta's legal team has threatened action against Sturm Ruger & Co., asserting the board prioritizes its interests over shareholders.