The Federal Trade Commission accepted a proposed consent order addressing antitrust concerns tied to Beretta Holding's planned investment in Sturm, Ruger & Co.
Beretta is seeking to increase its ownership stake in Ruger to as much as 25%. The proposed transaction would have allowed Beretta to appoint two Ruger directors, an arrangement the FTC says could violate federal restrictions on interlocking directorates between competitors.
Under the proposed order, Beretta could not appoint or nominate a Ruger director unless that person is independent of Beretta. The order remains subject to the FTC's administrative process.