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Everybody Loves Your Money
Everybody Loves Your Money
Business
Amanda Blankenship

MYSTERIOUS: Ftc restricts berettas board influence at rival gunmaker ruger over antitrust concerns - What They Never Told You

FTC Ruger Commission Federal Trade Commission Sturm, Ruger & Co.
Beretta Ruger FTC
The FTC has accepted a proposed consent agreement restricting Beretta Holding’s ability to place affiliated directors on Sturm, Ruger & Co.’s board as Beretta seeks to increase its ownership stake in the competing gun manufacturer to as much as 25%. dcwcreations/Shutterstock

The Federal Trade Commission is moving to limit Beretta Holding’s influence over the board of rival gun manufacturer Sturm, Ruger & Co. after raising concerns that a proposed stock deal could create an illegal connection between competing companies.

The Federal Trade Commission announced September 16 that it had accepted a proposed consent order addressing antitrust concerns arising from an agreement between Beretta Holding S.A. and Sturm, Ruger & Co. Inc.

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