Ruger, Beretta End Proxy Fight; Beretta Gets 25% Stake, Two Board Seats
Ruger and Beretta Holding announce a cooperation deal ending the proxy contest: $44.80 tender offer, 25% ownership cap, two future board seats, and a three-year standstill.
Category
Industry & Business
Mergers, acquisitions, earnings, factory news, and the business side of the firearms industry.
Wilson Combat Acquires Guncrafter Industries, Uniting Two Arkansas 1911 Makers
Wilson Combat announced the acquisition of Guncrafter Industries on April 20, adding the .50 GI platform and No-Name series to its Berryville, Arkansas operation.
Beretta Escalates Ruger Battle with Four Director Nominees as May Vote Nears
Beretta nominates four directors to Ruger's board and offers $44.80/share partial tender ahead of the contested May 27 shareholder vote.