Shortly after the close of the stock market yesterday, the Board of Directors of Sturm, Ruger & Company (NYSE: RGR) announced the formation of a “limited duration shareholder rights plan” effective October 14, 2025 through October 13, 2026 in response to Beretta Holding had accumulated a 9.0% ownership stake in Ruger. In the disclosure, Beretta said it intended to engage in talks with the company regarding “potential areas of operational and strategic collaborations.” In a press release, Ruger board chair John Consentino said the shareholder rights plan was enacted to “fulfill its fiduciary duties to all shareholders” while trying to determine exactly what Beretta has in mind. The shareholder rights plan is frequently adopted by public companies to prevent what would essentially constitute a hostile takeover. This is a developing story and we are following it closely. To read the full Ruger release, including a description of the shareholder rights plan, click here (LINK TO Press Release below)