The Federal Trade Commission has accepted a proposed consent order settling antitrust concerns over a stock purchase pact between Beretta Holding and Sturm Ruger. Beretta, a unit of Upifra, seeks to raise its holding to as much as 25 percent of Ruger shares, a step that would have let it name two directors.
The order bars Beretta from nominating or seating anyone on Ruger’s board who is not independent of Beretta. The agency alleged the arrangement would have violated Clayton Act limits on directors serving rival firms. Commissioners voted 2-0 to issue a complaint and open a 30-day public comment period on the settlement.