Beretta Launches $44.80/Share Tender Offer for Ruger, 21% Premium
RGR sits 35% above its 52-week low of $28.33.
Summary
Beretta Holding has formally commenced a cash tender offer for up to 2,400,184 shares of Sturm, Ruger & Company at $44.80 per share, a 21% premium to yesterday's close and 20% above the 60-day VWAP before its initial announcement. The offer is currently scheduled to expire at one minute after 11:59 PM ET on October 15, 2026, with no financing condition and no minimum tender requirement. This follows Beretta's earlier plan to raise its stake from 10% to 25% and appoint two board members, and Ruger's termination of its shareholder rights plan on September 16. The tender offer provides a concrete exit at a significant premium for shareholders, likely pressuring the stock toward the offer price. Watch for Ruger's formal recommendation and any competing bids before the October 15 deadline.
At the time of this announcement, RGR was trading at $38.20 on NYSE in the Manufacturing sector, with a market capitalization of approximately $592.5M. The 52-week trading range was $28.33 to $48.21. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.