FTC Nixes Beretta’s Ruger Board Seats
Beretta Holding and Sturm, Ruger have entered into a consent order with the Federal Trade Commission, which objected to their arrangement where Beretta would get two seats on the RGR board. The proxy-fight settlement between the companies included the right to place two directors and also gave Beretta approval to acquire up to 25% of Ruger’s outstanding shares. Under the consent order, Beretta is ... Log in to view full article.
