Vista Outdoor rejects MNC Capital's $37.50/share acquisition offer due to undervaluation.
Vista Outdoor has rejected MNC Capital's indication of interest to acquire the company for $37.50 per share in an all-cash transaction. The board's decision was based on the consideration significantly undervaluing the company and not accounting for the expected stockholder value from separating Revelyst and The Kinetic Group. The board continues to recommend The Kinetic Group acquisition by Czechoslovak Group.
May 28, 2024
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