Beretta Holding Launches $107.5M Tender Offer for 25% of Ruger at $44.80/Share
RGR sits 42% above its 52-week low of $28.33 on elevated volume (3.4× avg).
Summary
Beretta Holding formally commenced a $107.5 million cash tender offer for up to 2,400,184 shares of Sturm, Ruger & Company at $44.80 per share, a 21% premium, targeting a 25% ownership stake.
Key Events · M&A and Partnerships · RGR
-
Tender Offer Commenced
Beretta Holding formally commenced a cash tender offer for up to 2,400,184 shares of Ruger at $44.80 per share, expiring October 15, 2026.
-
Premium to Market
The $44.80 offer price represents a 21% premium over the September 16, 2026 closing price of $37.08 and a 20% premium over the 60-day VWAP as of March 24, 2026.
-
Ownership Stake Increase
Beretta currently owns 1,587,000 shares (9.93%); if fully subscribed, the tender would bring its stake to approximately 25.00% of outstanding shares.
-
Funding Secured
Aggregate cost of approximately $107.5 million plus ~$675,000 in fees, funded entirely from Beretta's available cash with no financing condition.
Analysis · RGR · Manufacturing
Beretta Holding has formally commenced its cash tender offer for up to 2,400,184 shares of Sturm, Ruger & Company at $44.80 per share, a 21% premium to the September 16 closing price of $37.08. The offer, expiring October 15, 2026, would take Beretta's stake from 9.93% to approximately 25%, making it the largest single shareholder. The $107.5 million transaction is fully funded from Beretta's available cash with no financing condition, and follows the termination of Ruger's shareholder rights plan on September 16. The Cooperation Agreement also grants Beretta two independent board seats and imposes a three-year standstill, fundamentally reshaping Ruger's ownership and governance structure.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 40.1% of the 372 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RGR was trading at $40.14 on NYSE in the Manufacturing sector, with a market capitalization of approximately $641.4M. The 52-week trading range was $28.33 to $48.21. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.