Vista Outdoor board rejects $2.9bn acquisition offer from MNC Capital, citing undervaluation.
Vista Outdoor's board rejected an unsolicited $2.9bn acquisition offer from MNC Capital, valuing the company at $35 per share. The company's board previously recommended the acquisition of its Sporting Products business by Czechoslovak Group a.s., with plans for completion subject to stockholder and regulatory approvals. Vista Outdoor's board deemed MNC Capital's offer a significant undervaluation of the company.
March 04, 2024
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