BERETTA HOLDING S.A. ANNOUNCES FINAL RESULTS OF CASH TENDER OFFER FOR SHARES OF STURM, RUGER & COMPANY, INC.

The oversubscribed offer left only approximately 39.4% of tendered shares accepted for purchase.

Rhea-AI Summary

Beretta Holding accepted 2,400,184 Sturm, Ruger & Company (NYSE: RGR) shares for purchase in its completed cash tender offer. The price was $44.80 per share. Holders tendered 6,094,325 shares, resulting in approximately 39.4% proration. After the offer, Beretta will beneficially own approximately 25.0% of Ruger, based on shares outstanding September 17, 2026. The depositary will promptly pay for accepted shares and return those not purchased.

1 point · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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Positive

• Moderate pointBeretta accepted 2,400,184 Ruger shares for purchase at $44.80 per share.

Negative

• None.

Key Figures

Offer price: $44.80 per share Shares tendered: 6,094,325 shares Shares accepted for purchase: 2,400,184 shares +2 more

Offer price

$44.80 per share

Cash tender offer

Shares tendered

6,094,325 shares

Validly tendered and not properly withdrawn

Shares accepted for purchase

2,400,184 shares

Accepted at the offer price on a pro rata basis

Proration factor

Approximately 39.4%

Final tender offer result

Post-offer ownership

Approximately 25.0%

Beretta Holding beneficial ownership of Ruger shares

Previous Acquisition Reports

2 past events · Latest: Oct 16

Same Type 2 events

1. Oct 16

   Preliminary tender results

   24h Move

   +1.0%

   Preliminary count showed 3,589,647 tenders and estimated 38.45% proration before depositary confirmation.

2. Sep 17

   Tender offer launch

   24h Move

   +8.3%

   Launched the offer for up to 2,400,184 shares at $44.80 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cash tender offer, pro rata, proration factor, beneficially own

4 terms

cash tender offer financial

"final results of its cash tender offer to purchase up to"

A cash tender offer is a public proposal in which an individual or group offers to buy a set number of a company's shares directly from shareholders for a specified cash price during a limited time. It matters to investors because it gives a clear, immediate chance to sell shares at a known price — like a store offering to buy back items at a posted rate — and can affect the stock’s market price, ownership control and liquidity.

pro rata financial

"at the purchase price of $44.80 per Share on a pro rata basis"

Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.

proration factor financial

"The proration factor for the Tender Offer was approximately 39.4%"

A proration factor is the percentage used to scale back how many shares or rights each investor receives when demand exceeds the available supply, such as in an oversubscribed offering or dividend distribution. It matters because it determines the actual number of shares an investor will get and the effective price or value per share they end up with — like cutting a limited number of pizza slices among more people than there are slices, so everyone gets a proportional piece.

beneficially own financial

"Beretta Holding will beneficially own approximately 25.0% of Ruger's outstanding Shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LUXEMBOURG, Oct. 20, 2026 /PRNewswire/ -- Beretta Holding S.A. ("Beretta Holding") announced today the final results of its cash tender offer to purchase up to 2,400,184 of the outstanding shares of common stock, par value $1.00 per share (the "Shares"), of Sturm, Ruger & Company, Inc. (NYSE: RGR) ("Ruger") at a price of $44.80 per share (the "Tender Offer"), which expired at one minute following 11:59 p.m., New York City time, on Thursday, October 15, 2026. 

Based on the final count by the depositary for the Tender Offer, a total of 6,094,325 Shares were validly tendered and not properly withdrawn.

The Tender Offer was oversubscribed. As a result, Beretta Holding has accepted for purchase 2,400,184 Shares at the purchase price of $44.80 per Share on a pro rata basis. The proration factor for the Tender Offer was approximately 39.4%. After giving effect to the Tender Offer, Beretta Holding will beneficially own approximately 25.0% of Ruger's outstanding Shares (based on the number of Shares outstanding as of September 17, 2026).

The depositary will promptly pay for the Shares accepted for purchase and will return all other Shares tendered and not purchased.

Saratoga Proxy Consulting LLC is the Information Agent for the Tender Offer, and any questions or requests for assistance with respect to the Tender Offer may be directed to Saratoga Proxy Consulting LLC.

Forward-Looking Statements

This press release may contain certain "forward-looking statements," many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Beretta Holding. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated, including, but not limited to, those risks and uncertainties discussed in the Tender Offer documents filed by Beretta Holding and the Solicitation/Recommendation Statement filed by Ruger. All forward-looking statements in this press release are qualified in their entirety by this cautionary statement.

View original content:https://www.prnewswire.com/news-releases/beretta-holding-sa-announces-final-results-of-cash-tender-offer-for-shares-of-sturm-ruger--company-inc-302913683.html

SOURCE Beretta Holding S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the final results of Beretta Holding's tender offer for RGR shares?

Beretta accepted 2,400,184 shares at $44.80 per share after holders validly tendered and did not properly withdraw 6,094,325 shares. The oversubscribed offer had an approximately 39.4% proration factor. The depositary will promptly pay for accepted shares and return shares not purchased.

How much of Ruger will Beretta Holding own after the tender offer?

After giving effect to the tender offer, Beretta Holding will beneficially own approximately 25.0% of Ruger's outstanding shares. That percentage is based on the number of shares outstanding as of September 17, 2026.