FTC continues crackdown on competitors sharing company directors in violation of Section 8 of the Clayton Act
The Federal Trade Commission took action to resolve antitrust concerns arising from a stock purchase agreement between two of the largest firearm manufacturers, Beretta Holding S.A. (Beretta) and Sturm, Ruger & Co. Inc. (Ruger), by accepting a proposed consent order that prevents anticompetitive entanglements between the two companies.
Under the terms of the FTC's proposed consent order, Beretta, a subsidiary of Upifra S.A., will be prohibited from appointing or nominating anyone to serve on Ruger's board of directors unless that person is independent of Beretta.
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Beretta Holding S.A. Commences Cash Tender Offer for Shares of Sturm, Ruger & Company, Inc. for $44.80 Per Share
Beretta Holding S.A. announced today [Sept. 17, 2026] that it has commenced a cash tender offer to purchase up to 2,400,184 of the outstanding shares of common stock, par value $1.00 per share (the "Shares"), of Sturm, Ruger & Company, Inc. (NYSE: RGR) ("Ruger") at a price of $44.80 per share. The tender offer price represents a premium of approximately 20% over the 60-day volume weighted average price of the Shares as of March 24, 2026, the last full trading day prior to Beretta Holding's announcement regarding a potential partial tender offer for the Shares, and a premium of approximately 21% over the closing price of the Shares on September 16, 2026, the last full trading day before the commencement of the tender offer.
The Federal Trade Commission took action to resolve antitrust concerns arising from a stock purchase agreement between two of the largest firearm manufacturers, Beretta Holding S.A. (Beretta) and Sturm, Ruger & Co. Inc. (Ruger), by accepting a proposed consent order that prevents anticompetitive entanglements between the two companies.
Under the terms of the FTC's proposed consent order, Beretta, a subsidiary of Upifra S.A., will be prohibited from appointing or nominating anyone to serve on Ruger's board of directors unless that person is independent of Beretta.
FTC Takes Action to Prevent Anticompetitive Arrangement in Beretta, Ruger Deal - The Shooting Wire | The Shooting Wire
The FTC accepted a consent order resolving antitrust concerns over Beretta and Sturm, Ruger & Co.'s stock purchase agreement, prohibiting Beretta from ap...
www.shootingwire.com
and...
Beretta Holding S.A. Commences Cash Tender Offer for Shares of Sturm, Ruger & Company, Inc. for $44.80 Per Share
Beretta Holding S.A. announced today [Sept. 17, 2026] that it has commenced a cash tender offer to purchase up to 2,400,184 of the outstanding shares of common stock, par value $1.00 per share (the "Shares"), of Sturm, Ruger & Company, Inc. (NYSE: RGR) ("Ruger") at a price of $44.80 per share. The tender offer price represents a premium of approximately 20% over the 60-day volume weighted average price of the Shares as of March 24, 2026, the last full trading day prior to Beretta Holding's announcement regarding a potential partial tender offer for the Shares, and a premium of approximately 21% over the closing price of the Shares on September 16, 2026, the last full trading day before the commencement of the tender offer.
Beretta Holding S.A. Commences Cash Tender Offer for Shares of Sturm, Ruger & Company, Inc. for $44.80 Per Share - The Shooting Wire | The Shooting Wire
Beretta Holding S.A. announced a cash tender offer to purchase up to 2,400,184 shares of Sturm, Ruger & Company, Inc. at $44.80 per share, representing a...
www.shootingwire.com