Sturm, Ruger & Co. (NYSE: RGR) signed a strategic cooperation agreement with Beretta Holding S.A. to end a looming proxy contest. Beretta withdrew its director nominations for the 2026 annual meeting. The deal establishes a three-year standstill period.
Beretta currently holds a 9.95% stake in the company. The agreement allows Beretta to increase its total ownership to 25%. Beretta plans a partial tender offer to purchase shares at a minimum of $44.80 each in cash.
Beretta gains the right to nominate up to two independent directors to the Ruger board. These appointments remain subject to regulatory approvals.