Key facts
- Beretta Holding S.A. plans to increase its stake in Sturm, Ruger & Co. to 25% from 10%.
- The move will allow Beretta to appoint two board members to Sturm Ruger's board.
- The transaction follows a strategic cooperation agreement between the two companies.
- Beretta Holding has committed to a three-year standstill agreement.
- Beretta Holding will vote its shares in alignment with Ruger's Board recommendations.
Italian gunmaker Beretta Holding S.A. is poised to increase its stake in U.S. firearms manufacturer Sturm, Ruger & Company, Inc. to 25% from its current 10%, according to a report by Il Sole 24 Ore. The move, expected within hours, would also grant Beretta the ability to appoint two board members to Sturm Ruger's board.
This development follows an announcement by Sturm Ruger that regulatory conditions for a previously agreed cooperation agreement with Beretta have been met. The agreement, dated May 4, 2026, outlines a strategic cooperation aimed at long-term value creation and stability for Ruger's stakeholders. Under the terms, Beretta Holding committed to a three-year standstill period, during which it will not initiate proxy contests and will generally vote its shares in line with the Ruger Board's recommendations. The minimum tender offer price is set at $44.80 per share, representing a premium to Ruger's 60-day average share price. Ruger will remain an independent U.S. public company.