Sturm Ruger Shares Gain as Beretta Launches Cash Tender
By Kelly Cloonan
Shares of Sturm Ruger rose after Beretta Holding began a cash tender offer for Sturm Ruger's shares at a price of $44.80 a piece.
The stock rose 7.6% to $39.89 in premarketing trading Thursday. At Wednesday's market close, shares were up 14% year to date.
Beretta said the tender offer is to purchase up to 2.4 million of the outstanding shares of Sturm Ruger's common stock.
The start of the tender offer comes after the Federal Trade Commission accepted a proposed consent order to try to resolve antitrust concerns arising from the stock purchase agreement between the firearm companies.
Beretta, an Italian gunmaker, is seeking to buy Sturm Ruger stock to increase its investment to 25%.
Under the FTC's proposed order, disclosed Wednesday, Beretta would be prohibited from appointing or nominating anyone to serve on Sturm Ruger's board, unless that person is independent from Beretta.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
September 17, 2026 09:28 ET (13:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States