Beretta Holding Bids to Raise Sturm Ruger Stake
Beretta Holding has launched a 108 million dollar offer to increase its stake in U.S. firearm manufacturer Sturm Ruger to 25 percent. The Italian gunmaker is offering 44.80 dollars per share in a strategic partnership move.
Xurve View
Insights:
Xurve View
Beretta Holding launched an offer to acquire up to 25% of STURM RUGER & CO INC for $108 million on Wednesday afternoon. The Italian gunmaker is offering $44.80 per share, representing a 21% premium over the previous session's close. The tender expands Beretta's current 9.93% stake in the firearm manufacturer.
