doublegunshop.com - home Forums General Discussion DoubleGuns For Sale @ doublegunshop.com Beretta Buys 10% or Ruger

Beretta Buys 10% of Ruger. I see in the Wall Street Journal that Beretta has been buying Ruger stock and now has a 10% interest. Should be interesting. Maybe back in the shotgun business.

John
Arrieta

Beretta Holding bought about 9% last September. They refused to sign a stock limit agreement at that time. Ruger was then looking towards a plan to limit shares to 10% to buyers. Don’t know what the current story is. I would expect negotiations to prevent a hostile takeover.

They are going to sell out to them. Already laying off employees and hardly anything at shot show.

If this is true, Bill Ruger is rolling over in his grave.

I don't know why he would. Beretta has been in the gun making business for over 500 years, continuously. They have bought several other gun makers that continue to build and sell guns, to some degree independent of Beretta (think Franchi, Benelli, Tikka).

IMO, it might be a feather in Ruger's hat that Beretta would be willing to do so. Maybe, Bill Ruger would be honored. Not certainly so, but maybe.