At Sturm Ruger Annual Meeting, Activist Investors Push For ‘Smart Gun’ Products
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At Sturm Ruger’s annual shareholder meeting in New London, N.H., Wednesday, the gun manufacturer defended its business model and rejected a push to unseat two board members.
In recent years Ruger, which is based in Connecticut and employs approximately 1,000 people at a facility in Newport, N.H., has been targeted by so-called activist investors who buy shares in publicly traded companies and then attempt to change internal policies.