Ruger accuses Beretta of demanding discounted stock, board control, violating antitrust laws

STURM RUGER & CO INC

Beretta demanded Ruger issue shares at a 15% discount, diluting existing stockholders.
Beretta sought 25% ownership, disproportionate board seats, and a nominee violating U.S. antitrust laws.
Ruger adopted a stockholder rights plan on Oct 14, 2025, after Beretta refused to pause share accumulation.
Ruger refreshed 45% of its board (5 new directors) after a process begun before Beretta's investment.
Beretta's nominees include a director of a Beretta subsidiary; chair threatened a 'war' if demands not met.

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