Beretta Completes Ruger Tender Offer and Reaches About 25% Ownership
Beretta Holding S.A. completed its cash tender offer for Sturm, Ruger shares on October 15, 2026, offering $44.80 per share for as many as 2,400,184 shares. Shareholders submitted 6,094,325 shares, so Beretta purchased the maximum amount and allocated the accepted shares proportionally, with an approximate 39.4% allocation rate. Beretta's beneficial ownership of Ruger rose to about 25.0% of the outstanding common stock.
Why it matters
The transaction increases Beretta's ownership stake in Ruger while leaving many tendered shares unpurchased because demand exceeded the offer size. Ruger shares closed at $48.80, up 6.3% from the prior close, according to the market reaction reported in the materials.
Key facts
- 1The tender offer covered up to 2,400,184 Ruger shares at $44.80 per share. finance.yahoo.com
- 2Stockholders tendered 6,094,325 shares before the offer expired on October 15, 2026. finance.yahoo.com
- 3Beretta's beneficial ownership increased to about 25.0% of Ruger's outstanding common stock. finance.yahoo.com
- 4Accepted shares were allocated proportionally at an approximate 39.4% allocation rate. finance.yahoo.com
- 5Ruger closed at $48.80, up 6.3% from the previous close. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.