FTC Takes Action to Prevent Anticompetitive Arrangement in Beretta, Ruger Firearm Deal

The Federal Trade Commission (FTC) has intervened to resolve antitrust concerns arising from a stock purchase agreement between major firearm manufacturers Beretta Holding S.A. and Sturm, Ruger & Co. Inc. The FTC accepted a proposed consent order that prohibits Beretta from appointing any individual to Ruger's board of directors who is not independent of Beretta, aiming to prevent illegal interlocking directorates and promote fair competition in the industry.