Beretta Holding S.A. announced today [Sept. 17, 2026] that it has commenced a 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 price represents a premium of approximately 20% over the 60-day volume weighted average price of the Shares as of March 24, 2026, the last full trading day prior to Beretta Holding’s announcement regarding a potential partial tender offer for the Shares, and a premium of approximately 21% over the closing price of the Shares on September 16, 2026, the last full trading day before the commencement of the tender offer.