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Stock impact report

Vista Outdoor in Discussions with MNC Capital, Advises MNC to Increase their Offer Price [Yahoo! Finance]

Vista Outdoor Inc. (VSTO) 
Last vista outdoor inc. earnings: 2/6 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.vistaoutdoor.com
Company Research Source: Yahoo! Finance
ANOKA, Minn., April 22, 2024 BUSINESS WIRE )--Vista Outdoor Inc. ("Vista Outdoor" or the "Company") (NYSE: VSTO) today confirmed it is engaging in discussions with MNC Capital ("MNC") related to its March 25, 2024 unsolicited indication of interest pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share. The Company advised MNC it expects MNC to deliver an improved economic proposal following the Company providing MNC with access to certain diligence information as permitted in accordance with the terms of the existing merger agreement with Czechoslovak Group a.s. ("CSG"). Michael Callahan, Chairman of the Vista Outdoor Board of Directors, said, "The Vista Outdoor Board does not consider MNC's revised proposal to be superior to the transaction with CSG and continues to believe MNC's proposed offer price undervalues the Revelyst business. That said, the Board has determined MNC's revised proposal meets the standard un Show less Read more
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