US gunmaker Ruger accuses Italian rival Beretta of plotting stealth takeover
America’s Largest Gunmaker Accuses Beretta Parent Company of Power Struggle
Sturm Ruger & Co., the largest gunmaker in America, has accused the parent company of Italian arms firm Beretta of attempting to gain control of the Connecticut-based business through “self-serving demands” such as discounted stock purchases and significant board influence.
The proxy fight initiated by Beretta’s parent company, as reported by The Post on Feb. 25, has raised concerns at Ruger, who views it as a veiled threat to take over the company.
Ruger claims that Beretta quietly acquired a substantial stake in the company, continued buying shares during negotiations, and requested privileges that could violate US antitrust laws preventing unfair market domination.
Despite a meeting between executives of both companies in December where Beretta hinted at a long-term plan to merge with Ruger, no formal proposal was made. Ruger remains resistant to any forced takeover attempts.
Beretta, a 500-year-old company with a significant stake in Ruger, announced plans to nominate new board members, further escalating the power struggle.
The feud between the two companies dates back to 2025 when Beretta disclosed a sizeable stake in Ruger, prompting the latter to implement a “poison pill” defense strategy to deter a hostile takeover.
Ruger, facing a decline in share prices and market capitalization, is wary of Beretta’s intentions and the potential impact on its operations. Beretta, on the other hand, sees an opportunity for strategic synergies and growth in the US market.
As the power struggle intensifies, both companies are positioning themselves for a potential takeover or partnership that could reshape the firearms industry.
