The tender offer is complete and final—no further action from Beretta is expected under this filing. Monitor for any subsequent 13D filings or strategic moves by Beretta as a 25% owner, which could signal further consolidation or influence over RGR's operations.
Price Chart
Executive Summary
Beretta Holding S.A. announced the final results of its cash tender offer for Sturm, Ruger & Co. (RGR). The offer expired on October 15, 2026, and was oversubscribed: 6,094,325 shares were tendered, but Beretta only accepted 2,400,184 shares at $44.80 each on a pro rata basis (proration factor ~39.4%). After the purchase, Beretta owns approximately 25.0% of RGR's outstanding shares. This is a final amendment reporting results—the tender offer is complete.
Key Financial Metrics
Key Facts
- Beretta Holding offered to purchase up to 2,400,184 shares of RGR common stock at $44.80 per share.
- The tender offer expired on October 15, 2026.
- 6,094,325 shares were validly tendered and not properly withdrawn—the offer was oversubscribed.
- Beretta accepted 2,400,184 shares on a pro rata basis; the proration factor was approximately 39.4%.
- After the purchase, Beretta Holding beneficially owns approximately 25.0% of RGR's outstanding shares.
- The depositary will promptly pay for accepted shares and return all other tendered shares.
Financial Impact
Beretta paid $44.80 per share for 2,400,184 shares, totaling approximately $107.5 million. The offer was oversubscribed by a factor of ~2.5x.
Risk Factors
- Beretta's 25% stake could lead to board influence or future acquisition attempts, creating uncertainty for minority shareholders.
- The oversubscription and pro rata return of shares may create near-term selling pressure from disappointed tendering shareholders.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC TO-T/A Filing (Primary) | 0001193805-26-001383 |
| Document: e665847_ex99-a5vi.htm | 0001193805-26-001383 |
| Document: 0001193805-26-001383-index-headers.html | 0001193805-26-001383 |
| Document: 0001193805-26-001383-index.html | 0001193805-26-001383 |
| Document: 0001193805-26-001383.txt | 0001193805-26-001383 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | SC 13D/A | $50.10 | awaiting T+20 | — | $45.46 (−9.26%) |
Oct 20, 2026 6d ago | SC TO-T/A | $48.74 | awaiting T+20 | — | $45.46 (−6.73%) |
Oct 16, 2026 10d ago | SC TO-T/A | $45.90 | awaiting T+20 | — | $45.46 (−0.96%) |
Sep 16, 2026 5w ago | 8-K | $40.14 $42.94 | ▲ +6.98% | ▲ +5.52% | $45.46 (+13.25%) |
Jun 4, 2026 20w ago | 8-K | $39.39 $37.65 | ▼ −4.42% | ▼ −3.04% | $45.46 (+15.41%) |
May 21, 2026 22w ago | Insider Cluster | $40.04 $40.49 | ▲ +1.12% | ▲ +2.54% | $45.46 (+13.54%) |
May 15, 2026 23w ago | Insider Cluster | $39.47 $39.47 | · 0.00% | ▼ −2.12% | $45.46 (+15.18%) |
May 8, 2026 24w ago | 8-K | $39.04 $38.77 | ▲ +0.69% | ▲ +0.72% | $45.46 (−16.44%) |
May 4, 2026 25w ago | 8-K | $41.77 $38.84 | ▼ −7.01% | ▼ −11.97% | $45.46 (+8.83%) |
May 4, 2026 25w ago | DEFA14A | $40.99 $38.94 | ▼ −5.00% | ▼ −10.65% | $45.46 (+10.91%) |
US Market Status
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