Beretta to launch tender offer for 20.05% of Sturm Ruger shares

Beretta Holding announced plans to launch a tender offer for up to 20.05% of Sturm Ruger (RGR) shares at $44.80 per share, representing approximately a 20% premium to the 60-day average price. In a regulatory fling, Beretta said it seeks to acquire beneficial ownership of up to 30% of Ruger’s outstanding shares through the tender offer. Beretta has requested that Ruger’s board grant an exemption to the company’s poison pill defense mechanism adopted on October 14, 2025. The tender offer would proceed only if this exemption is granted by March 31, 2026. “We are not seeking control of Ruger,” Beretta General Manager Robert Eckert wrote in a letter to Ruger’s board. “Our strong desire and hope was, and remains, to enter into a strategic collaboration with the Company.” Shares of Sturm Ruger are up 5.2% in premarket trading.