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Sturm, Ruger & Company Board Confirms Receipt of Beretta Letter Proposing a Partial Tender Offer That Has Not Commenced; Says Shareholders Do Not Need To Take Any Action At This Time

Benzinga · 19h ago

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Sturm, Ruger & Company, Inc. (NYSE:RGR) ("Ruger" or the "Company") today confirmed that its Board of Directors (the "Board") has received a letter from Beretta Holding S.A. ("Beretta"), in which Beretta proposes, subject to certain conditions, to commence a partial tender offer for up to 20.05% of the outstanding shares of the Company, which if successful would effectively increase Beretta's ownership stake in Ruger to approximately 30%. Such proposed partial tender offer has not actually commenced.

Shareholders do not need to take any action at this time. The Board, in consultation with its financial and legal advisors, will assess Beretta's letter and respond in due course.

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