Ruger & Beretta Reach Cooperation Agreement, Ruger Stays Independent

Summary

Ruger and Beretta Holding have reached a cooperation agreement allowing Beretta to increase its stake in Ruger up to 25% of outstanding shares, with a minimum partial tender offer price of $44.80 per share. This agreement, which resolves prior tensions, ensures Ruger remains an independent U.S. public company and grants Beretta the right to nominate up to two independent directors after the 2026 Annual Meeting.