Beretta Holding S.A. Criticizes Ruger Board For Prioritizing Self-Interest Over Shareholder Value; Signals Continued Push For Strategic Investment And April 9, 2026 Meeting

Beretta Holding S.A., the largest shareholder of Sturm, Ruger & Company, Inc. with a 9.95% stake, has criticized Ruger's Board for prioritizing self-interest over shareholder value. The company expressed disappointment over the Board's rejection of Beretta's tender offer at $44.80 per share, which represented a 20% premium to the stock's average price. Beretta Holding plans to hold a meeting on April 9, 2026, to seek a constructive resolution, while remaining skeptical of the Board's intentions and considering legal options.