Sturm, Ruger & Company Signs Agreement For Beretta Holding To Raise Its Investment To Up To 25% Of Sturm's Outstanding Shares; Minimum Partial Tender Offer Price To Be $44.80/Share In Cash

Sturm, Ruger & Company, Inc. (NYSE:RGR) ("Ruger" or the "Company") today announced that it has entered a Strategic Cooperation Agreement ("Agreement") with Beretta Holding S.A. ("Beretta Holding"), the Company's largest shareholder. The Agreement reflects a shared commitment to long-term value creation, constructive engagement, and stability for Ruger's shareholders, employees, customers and industry partners.

Under the terms of the Agreement, Ruger is expected to allow Beretta Holding to increase its investment to up to 25% of the Company's outstanding shares. The minimum partial tender offer price shall be $44.80 per share in cash – which represents a ~20% premium to the Company's 60-day volume-weighted average share price prior to Beretta Holding's tender offer announcement. Such tender offer has not yet commenced and will be subject to applicable regulatory approvals.