Ruger and Beretta Holding S.A. Announce Strategic Cooperation Agreement
Ruger entered a Strategic Cooperation Agreement with largest shareholder Beretta Holding S.A., allowing Beretta to increase its stake to up to 25% at a minimum price of $44.80 per share. The agreement includes a three-year standstill and grants Beretta the right to nominate up to two independent directors, ensuring stability and alignment while Ruger remains an independent U.S. public company.
Key figures
- Offering Price
- $44.80
- Ownership cap
- 25%
- Tender premium
- ~20%
- Standstill period years
- 3
AI analysis
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