BRIEF-Sturm Ruger And Beretta Holding Announces Strategic Cooperation Agreement

Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc.

RGR

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May 4 (Reuters) - Sturm Ruger & Company Inc RGR.N:

  • RUGER AND BERETTA HOLDING S.A. ANNOUNCE STRATEGIC COOPERATION AGREEMENT

  • STURM RUGER COMPANY INC - TO INCREASE BERETTA HOLDING OWNERSHIP CAP TO 25%

  • STURM RUGER COMPANY INC - TO ALLOW BERETTA HOLDING TO NOMINATE UP TO TWO INDEPENDENT BOARD MEMBERS

  • STURM RUGER COMPANY INC - MINIMUM PARTIAL TENDER OFFER PRICE SET AT $44.80 PER SHARE IN CASH

  • STURM RUGER COMPANY INC - BERETTA HOLDING COMMITS TO THREE-YEAR STANDSTILL AGREEMENT


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