Ruger and Beretta Holding S.A. Announce Strategic Cooperation Agreement
The agreement resolves a proxy fight and gives Beretta a path to a larger stake while Ruger keeps board control and independence.
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7 Articles
News & Record
Winston-Salem JournalBeretta to raise ownership stake in Ruger from 10% to 25%
"This agreement provides stability, avoids further expense and distraction, and creates a framework for productive engagement with Beretta Holding while preserving Ruger's independence and governance standards," Ruger chairman John Cosentino said in a news release.
Ruger & Beretta Reach Cooperation Agreement, Ruger Stays Independent
Ruger and Beretta Holding have reached a cooperation agreement allowing Beretta to increase its stake while Ruger remains an independent U.S. public company. IMG Jim Grant Beretta Holding may increase its investment in Ruger up to 25%, but Ruger says it will remain an independent U.S. public company. Sturm, Ruger & Company and Beretta Holding have reached a cooperation agreement that appears to cool down what had been shaping up as a public figh…
The group will rise to 25% with a partial OPA to $44.80 per share by appointing two members to the Board of Directors.
Ruger and Beretta Holding S.A. Announce Strategic Cooperation ...
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