08:50 AM EDT, 03/25/2026 (MT Newswires) -- Sturm, Ruger ( RGR ) shareholder Beretta said Wednesday it is seeking an exemption to the company's "poison pill" rights plan in order to executive a partial tender offer for up to 20.05% of Ruger's outstanding shares.

The tender, priced at $44.80 per share in cash, would raise Beretta's stake in Sturm, Ruger ( RGR ) to 30%, the company said.

In a letter to the company's board, Beretta said it is not seeking control but "to become a more significant shareholder and strategic partner with the proper incentive to help unlock additional value for the benefit of all shareholders."

Ruger did not immediately reply to a request for comment from MT Newswires.

Ruger shares were up 3.3% in premarket activity on Wednesday.