Shares of firearms maker Sturm, Ruger RGR.N rise 5.2% to 42.87 premarket
Italian gunmaker Beretta pushes to raise stake in co to 30%, Financial Times reports
Beretta currently holds a 9.95% stake in the RGR, making it the largest shareholder, according to LSEG data
Earlier this month, Beretta had sent a letter to co shareholders highlighting the urgent need for boardroom change
Up to last close, RGR was up nearly 25% YTD