Sturm, Ruger Shareholders Tender 3.6 Million Shares in Beretta Offer

08:36 AM EDT, 10/16/2026 (MT Newswires) -- Sturm, Ruger (RGR) shareholders tendered 3,589,647 shares in firearm-maker Beretta's cash tender offer, which expired on Thursday, the latter said Friday. Beretta said it sought to buy up to 2,400,184 shares at $44.80 each. The offer was oversubscribed, requiring the company to prorate the number of shares accepted for purchase, according to preliminary results provided by the depositary. Beretta estimated a proration factor of approximately 38.45%, including 2,652,256 shares tendered through notices of guaranteed delivery that were excluded from the preliminary count. Payment for accepted shares and the return of unpurchased shares will follow promptly, the company said. Shares of Sturm, Ruger were up 1.2% pre-bell.