Beretta Holding's Ruger Tender Oversubscribed, Prorated to 38.45%
Luxembourg – October 16, 2026 -- Beretta Holding S.A. received 3,589,647 validly tendered shares of Sturm, Ruger & Company (NYSE: RGR) in its cash tender offer, exceeding the 2,400,184 shares it sought and forcing a preliminary proration factor of approximately 38.45%.
Offer priced at $44.80 per share closes oversubscribed
Beretta Holding offered $44.80 per share in cash for up to 2,400,184 shares of Ruger common stock, par value $1.00. The offer expired one minute after 11:59 p.m. New York City time on Thursday, October 15, 2026.
The preliminary count by the depositary excludes a further 2,652,256 shares tendered by notice of guaranteed delivery. Because demand exceeded the cap, Beretta Holding will purchase shares from each tendering stockholder pro rata.