Beretta Holding S.A. Acquires 7.735% Stake in Sturm Ruger & Co Inc

Beretta Holding S.A., a Luxembourg-based holding company, has filed a Schedule 13D with the SEC, disclosing a 7.735% stake in Sturm Ruger & Co Inc. The shares were acquired with working capital, totaling approximately $45.9 million. Beretta Holding S.A. believes the shares represent an attractive investment opportunity within the industry. The company anticipates engaging in discussions with Sturm Ruger's management and board regarding business, industry developments, and potential operational and strategic collaborations. Beretta Holding S.A. does not currently intend to seek control of Sturm Ruger but reserves the right to change its intentions and take actions to maximize the value of its investment, including acquiring additional shares, disposing of holdings, or entering into hedging transactions. The filing also includes details of transactions in Sturm Ruger's common stock over the past 60 days.