Dean Weingarten has a good find at Ammoland.
Judge Eduardo Ramos, the U.S. District Judge for the Southern District of New York, has issued an Opinion & Order that a ban on stun guns is constitutional. A New York State law prohibits the private possession of stun guns and tasers; a New York City law prohibits the possession and selling of stun guns. Judge Ramos has ruled these laws do not infringe on rights protected by the Second Amendment of the United States Constitution.
Let's briefly…… [read more]
Shares of Sturm, Ruger & Company (NYSE:RGR) climbed about 5% on Wednesday after Beretta Holding S.A. revealed plans to launch a tender offer for up to 20.05% of the company’s shares at $44.80 per share. Ruger stock had closed Tuesday at $40.74.
The Italian firearms manufacturer said the proposal is part of a broader effort to obtain beneficial ownership of as much as 30% of Ruger’s outstanding shares through the tender offer. The offer price represents roughly a 20% premium to the stock’s 60-day average price.
Beretta has asked Ruger’s board to grant an exemption from the shareholder rights plan, or poison pill, that the company adopted on October 14, 2025. The tender offer would only move forward if the exemption is approved by March 31, 2026.
“We are not seeking control of Ruger,” Beretta General Manager Robert Eckert wrote in a letter addressed to Ruger’s board. “Our strong desire and hope was, and remains, to enter into a strategic collaboration with the Company.”
Beretta described itself as a potential strategic partner rather than a direct competitor, noting that its U.S. business is largely concentrated in shotguns, ammunition, and optics. The company said it currently employs nearly 700 people across nine U.S. entities.
The proposed tender offer follows what Beretta said were unsuccessful discussions with Ruger’s management concerning board composition and executive compensation. The company had previously put forward a minority slate of director nominees.
According to Beretta, Ruger’s board halted negotiations on March 16, prompting the decision to proceed with the tender offer. The firm emphasized that even if it reaches a 30% ownership stake, it would not amount to control or grant veto authority over corporate decisions.
Okay. Then I don’t understand the point of any of this. Perhaps someone with a finance degree can explain why any of this is beneficial to Beretta.
