Beretta Holding Rejects Ruger Board's Exemption from Shareholder Rights Plan, Sends Letter in Response

Beretta Holding, the largest shareholder of Sturm, Ruger & Company, responded to the board's rejection of exemption from the shareholder rights plan. Beretta Holding is disappointed by the board's behavior and believes its investment would be value-creating for all shareholders. The offer was at a 20% premium to the 60-day volume-weighted average price. Beretta Holding remains willing to attend a meeting for a constructive resolution but will continue to explore legal alternatives.