MNC Capital increases all-cash bid for Vista Outdoor to $3 billion, offering $37.50 per share.
Investment firm MNC Capital has increased its all-cash bid to acquire Vista Outdoor to $3 billion from $2.9 billion, offering $37.50 per share, a 16% premium to Vista's closing price on Friday. The Anoka, Minnesota-based company had previously rejected MNC Capital's offer in March, stating it undervalued the company. Vista is in the process of selling its sporting goods business to privately held Czech defense and civil manufacturing firm Czechoslovak Group in a $1.91 billion deal.
March 25, 2024
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