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America Forever! Much like Pinkerton in Giacomo Puccini's "Madame Butterfly," Beretta Holding appears to have given priority to the world's most famous stars and stripes. There's no other explanation for the recent acquisition of over 1,25 million shares of the company. Ruger Firearms, one of the most established and famous gun companies in the United States. The NRA (National Rifle Association) announced the news.
Beretta Holding's goal
The transaction is estimated at $46 million: this way, Beretta itself owns nearly 8% of Ruger's shares, effectively becoming its second-largest shareholder (Blackrock is the largest). The Gardone Val Trompia-based company, as emphasized to the U.S. Securities and Exchange Commission, does not seek to control the Southport-based company; its sole objective is to forge strategic partnerships.
The trend on Wall Street
Since Donald Trump took office for his second term as US president, gun sales on the local market have declined, but Ruger doesn't seem to have been affected. In fact, its shares have risen a full 23 percentage points, and Beretta Holding's new stake has only helped its stock soar on Wall Street.
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