{"id":115330,"date":"2026-02-26T16:38:57","date_gmt":"2026-02-26T22:38:57","guid":{"rendered":"https:\/\/milesfortis.com\/?p=115330"},"modified":"2026-02-26T16:38:57","modified_gmt":"2026-02-26T22:38:57","slug":"115330","status":"publish","type":"post","link":"https:\/\/milesfortis.com\/?p=115330","title":{"rendered":""},"content":{"rendered":"<p><a href=\"https:\/\/nypost.com\/2026\/02\/25\/business\/italian-gunmaker-beretta-launches-proxy-fight-for-us-firearms-giant-sturm-ruger-amp-co\/?utm_medium=social&amp;utm_campaign=nypost&amp;utm_source=twitter\" target=\"_blank\" rel=\"noopener\">Italian gunmaker Beretta launches proxy fight for US firearms giant Sturm, Ruger &amp; Co.<\/a><\/p>\n<p>The parent company of Italian gun manufacturer Beretta is launching a proxy fight to take control of Sturm, Ruger and Co., America\u2019s largest firearms maker, sources familiar with the matter have told The Post.<\/p>\n<p>Insiders said the 500-year-old European firm, which has built a 10% stake in Hartford, Conn.-based Ruger, wants to nominate four executives to join the nine-member board \u2014 a move designed to gain more control over the main US rival to Smith &amp; Wesson.<\/p>\n<p>Sources said the nominees included William Franklin Detwiler, managing partner of Fernbrook Capital Management; Mark DeYoung, the founding CEO of Vista Outdoor; Frederick Disanto, CEO of Ancora Holdings; and Michael Christodolou, the founder of Inwood Capital Management.<br \/>\nRuger\u2019s sales and share price have dropped in recent years. It is the major rival to US firm Smith &amp; Wesson<span class=\"credit\">Bloomberg via Getty Images<\/span><\/p>\n<p>A proxy fight is an unfriendly contest for control of a company in which a group of shareholders tries to convince other investors to vote out the current board of directors or management.<\/p>\n<p>Any vote would likely\u00a0<a href=\"https:\/\/nypost.com\/2022\/05\/31\/bill-de-blasio-tells-teachers-union-to-divest-in-gun-firms-from-pension-fund\/\">take place at Ruger\u2019s<\/a>\u00a0annual general meeting scheduled for May 29.<\/p>\n<p>The clash has erupted amid a sales slump and plunging profits at Ruger, with the price of its shares cratering by over 40% in the past five years.<\/p>\n<p>As of Wednesday\u2019s close, Ruger\u2019s market cap hovered at $581 million.<\/p>\n<p>When Beretta first revealed an initial 9% stake in an October filing, it said that it wanted to explore \u201cpotential areas of operational and strategic collaborations\u201d with Ruger.<\/p>\n<p>The US firm then adopted a one-year shareholder rights plan amid concerns about a growing ownership stake accumulated by the Italian giant.<\/p>\n<p>Such plans \u2014 often called \u201cpoison pills\u201d \u2014 are aimed at making hostile takeovers more difficult by diluting the ownership of an acquiring investor that exceeds a specified threshold.<\/p>\n<p>Beretta \u2014 an iconic gun manufacturer with ties to Italy\u2019s Alpine region of Lombardy that was founded in 1526 \u2014 raked in $1.7 billion in revenue in 2024 and has been snapping up rivals like Switzerland\u2019s RUAG Ammotec in 2022.<\/p>\n<p>Pietro Gussalli Beretta, a 15th-generation heir to founder Bartolomeo Beretta, steers the company, which has its corporate headquarters in Luxembourg.<\/p>\n<p>It has been seeking a greater presence in the US, which has the world\u2019s largest legal firearms market, owing to the Second Amendment.<\/p>\n<p>The Post has sought comment from Beretta and Ruger.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italian gunmaker Beretta launches proxy fight for US firearms giant Sturm, Ruger &amp; Co. The parent company of Italian gun manufacturer Beretta is launching a proxy fight to take control of Sturm, Ruger and Co., America\u2019s largest firearms maker, sources familiar with the matter have told The Post. Insiders said the 500-year-old European firm, which &hellip; <a href=\"https:\/\/milesfortis.com\/?p=115330\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-115330","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/115330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115330"}],"version-history":[{"count":1,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/115330\/revisions"}],"predecessor-version":[{"id":115331,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/115330\/revisions\/115331"}],"wp:attachment":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}