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Italian gunmaker Beretta to raise stake in Sturm Ruger to 25%, paper says
Source: reuters.com
M&A & RestructuringCompany FundamentalsInfrastructure & Defense
Italian gunmaker Beretta is reportedly preparing to raise its stake in U.S. firearms peer Sturm, Ruger & Co. to 25% from 10%, according to Il Sole 24 Ore. The proposed increase would make Beretta a significant shareholder and could influence strategic expectations for Sturm, Ruger, though financial terms and Beretta's intentions were not disclosed.
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