Beretta tender for RGR shares; FTC limits board nominations
Beretta launched a cash tender to buy up to 2,400,184 shares of Sturm, Ruger & Company, Inc. at $44.80 each (about a 20% premium) to raise its stake toward ~25% in a roughly $108M deal. The FTC approved a consent order limiting Beretta’s board nominations and imposing notice and related requirements.