Beretta tender offer lifts Ruger shares
Ruger shares rose 7.9% after Beretta Holding S.A. launched a cash tender offer to buy up to 2,400,184 common shares at $44.80 per share.
Shares of American firearm maker Ruger NYSE:RGR rose 7.9% in afternoon trading after Beretta Holding S.A. launched a cash tender offer to buy up to 2400184 shares of the company’s common stock at $44.80 per share. According to the company’s press release, the offer covers up to 2400184 shares and values them at $44.80 each.