Beretta Holding S.A. announced it has commenced a cash tender offer to purchase up to 2,400,184 shares of common stock of Sturm, Ruger & Company, Inc. (NYSE: RGR) at $44.80 per share.

The offer price represents a premium of approximately 20% over the 60-day volume weighted average price of Ruger shares as of March 24, 2026, the last full trading day before Beretta Holding's initial announcement of a potential partial tender offer. It also represents a premium of approximately 21% over the closing price of Ruger shares on September 16, 2026, the last trading day before the offer commenced.

The tender offer is scheduled to expire at one minute after 11:59 p.m. New York City time on October 15, 2026, unless extended under the terms of the Offer to Purchase dated September 17, 2026.

According to the press release, the offer is not subject to a financing condition and is not conditioned on any minimum number of shares being tendered, though it is subject to other conditions outlined in the Offer to Purchase.

Saratoga Proxy Consulting LLC is serving as the Information Agent for the tender offer. Beretta Holding has filed related materials with the U.S. Securities and Exchange Commission.