Talyn
Emissary
Shortly before NASGW last month, the industry was surprised when Beretta Holdings revealed a significant stock position in Sturm, Ruger (NYSE: RGR).
Ruger, rebuffed in attempts to determine just what Beretta Holdings was either after or wanting, enacted a Shareholder Protection plan. On Wall Street, those are best known as “poison pills” - measures designed to dilute a potentially hostile shareholder’s percentage of ownership while simultaneously raising the costs of taking additional equity positions.
Despite attempts to speak with Beretta Holdings, Ruger’s new investor had absolutely nothing to say beyond the requisite SEC filings. Those filings, however, offered small hints at what Beretta Holdings might have in mind. According to that filing, Beretta Holdings said they saw potential areas for mutual cooperation, collaboration and benefit.
Ruger, rebuffed in attempts to determine just what Beretta Holdings was either after or wanting, enacted a Shareholder Protection plan. On Wall Street, those are best known as “poison pills” - measures designed to dilute a potentially hostile shareholder’s percentage of ownership while simultaneously raising the costs of taking additional equity positions.
Despite attempts to speak with Beretta Holdings, Ruger’s new investor had absolutely nothing to say beyond the requisite SEC filings. Those filings, however, offered small hints at what Beretta Holdings might have in mind. According to that filing, Beretta Holdings said they saw potential areas for mutual cooperation, collaboration and benefit.