Beretta to bid to raise stake in Sturm Ruger to 25%
Italian newspaper Il Sole 24 Ore says Beretta is set to bid to raise its Sturm, Ruger & Co stake to 25% from 10% in the coming hours, citing sources close to the dossier.
Italian gunmaker Beretta is set to launch a bid to increase its stake in U.S. peer Sturm, Ruger & Co NYSE:RGR to 25% from 10% in the coming hours, Il Sole 24 Ore reported on Thursday, citing sources close to the dossier. The move would also allow Beretta to appoint two board members, the newspaper reported.