FTC Prohibits Beretta Board Appointments in Sturm, Ruger Deal
The Federal Trade Commission (FTC) has imposed restrictions on the proposed deal between Beretta Holding and Sturm, Ruger to prevent anticompetitive entanglements. The two companies are among the largest firearm manufacturers in the U.S., and the FTC's intervention aims to preserve competition within the market. Under a proposed consent order, Beretta — which is owned by Upifra — will not be allowed to appoint members to Sturm, Ruger’s board of directors as part of their agreement. This move prevents potential conflicts that could arise from overlapping control and influence between two major players in the firearms industry.
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Topics: consent order firearms FTC action