Sturm, Ruger Adopts Poison Pill after Beretta Advances
Revealing that Italian gunmaker Beretta Holding S.A. has accumulated 9% of outstanding RGR shares, Sturm, Ruger’s board adopted a stockholder rights plan with a one-year duration through Oct. 13, 2026. Beretta said it wants to engage with Ruger to discuss “potential areas of operational and strategic collaborations.” The poison pill gives current shareholders the right to acquire shares of RGR common stock at a 50% discount to the market price. Those rights would become void for any entity that acquires more ... Log in to view full article.