Sturm, Ruger and Beretta sign cooperation deal ending proxy battle

13 articles · Updated · The Wall Street Journal · May 4

Beretta can raise its Ruger stake to 25%, including via a partial tender offer at at least $44.80 a share, subject to regulatory approval.
Ruger will expand its board after this year's annual meeting so Beretta can nominate up to two independent directors, while Beretta accepts a three-year standstill on activist campaigns.
The pact eases a transatlantic dispute that began after Beretta disclosed a 7.7% stake in September and later raised it to nearly 10%, amid clashes over governance and strategy.

Will Beretta's board seats stifle Ruger's bold research or unlock new transatlantic potential?

Could US national security reviews derail the landmark partnership between American and Italian gun giants?