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Ruger Signs Agreement With Shareholder Beretta Allowing Stake of Up to 25%

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-- Sturm, Ruger (RGR) has entered into a strategic cooperation agreement with its largest shareholder Beretta that allows Beretta to boost its stake to up to 25% of the company's outstanding shares, Ruger said Monday.

The minimum partial tender offer price will be $44.80 per share in cash, according to a statement.

Beretta will also have the right to nominate up to two independent directors after the company's 2026 annual shareholders' meeting, in connection with the planned investment, Ruger said.

Under the agreement, Beretta has committed to a three-year standstill under which it will not initiate or support any proxy contest and will vote its shares in alignment with Ruger's board, the statement said.

Further, Beretta has withdrawn its director nominations for the shareholders meeting and only Ruger board-recommended candidates will be up for election, Ruger said.

The agreement is designed to "safeguard Ruger's independence and stability," the company said.

Price: $43.29, Change: $+0.13, Percent Change: +0.30%

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