Wilson Michael W sold $24K of RGR

Ruger (RGR) shares rose 7% after Beretta's tender offer for 2.4M shares at $44.80 each was oversubscribed. Beretta now owns 25% of Ruger's stock. Ruger closed at $48.80, up 6.3%. The company's shares have gained 45.8% YTD but are down over 5 years. Beretta accepted shares on a pro rata basis due to oversubscription.

Beretta Holding S.A. completed a tender offer for Ruger shares at $44.80 each, receiving more tenders than expected. It now owns about 25% of Ruger's outstanding shares, according to the company.

Beretta Holding accepted 2.4 million shares of Sturm, Ruger & Company (RGR) in an oversubscribed tender offer, with 6.1 million shares tendered. The purchase price was not disclosed. The depositary will pay for accepted shares and return the rest. Beretta issued a caution about forward-looking statements in the press release.

Beretta Holding S.A. completed its tender offer for 2.4 million shares of Sturm, Ruger & Company at $44.80 per share, receiving 3.59 million valid tenders. Due to oversubscription, purchases will be prorated at 38.45%. Beretta now owns 25% of Ruger's stock, expanding its U.S. market presence.

Beretta Holding, a Luxembourg-based arms and security equipment company, reported cyberattacks from foreign intelligence services in Europe, including Italy. The company recently acquired a 15% stake in Sturm, Ruger & Company (NYSE: RGR) for $107 million, bringing its total stake to 25%. Beretta's CEO Pietro Gussalli Beretta described the move as strategic, focusing on growth opportunities in the U.S. and potential future collaborations.

Beretta Holding S.A. offered to buy up to 2,400,184 shares of Sturm, Ruger & Company (RGR) at $44.80 per share. The offer was oversubscribed, with 3,589,647 shares tendered. Beretta will prorate purchases, estimating a 38.45% proration factor. The final factor will be confirmed later.