Vista Outdoor weaker as Czech gunmaker Colt sells stake after bid rejected [Seeking Alpha]
Vista Outdoor Inc. (VSTO)
Last vista outdoor inc. earnings: 2/6 06:55 am
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Source: Seeking Alpha
"Once we saw our bid was topped, we decided there was no further logic to hold the stake," Colt CZ Chief Executive Jan Drahota said on the Czech gunmaker's earnings conference call on Tuesday, according to a Reuters report, adding the last shares were sold this week. "As of today we don't have any more shares." The comments come after Vista ( VSTO ) in late November rejected an unsolicited bid from Colt. Colt proposed a business combination that it claimed would value Vista at $30 a share. Vista Outdoor ( VSTO ) on Monday confirmed that it had received an unsolicited indication of interest from MNC Capital. According to the company, MNC expressed its interest in acquiring VSTO in an all-cash transaction for $37.50/share. Vista shares rose 3.2% on Monday on the revised bid. For its part, Vista Outdoor ( VSTO ) has maintained that a planned breakup of the company would be more valuable for shareholders. The break-up plan would see VSO sell its ammunition business to CSG for $1.9B
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VSTO
News
- Vista Outdoor gains amid report MNC could reach agreement in 2–3 weeks [Seeking Alpha]Seeking Alpha
- Vista mulls two possible owners [Yahoo! Finance]Yahoo! Finance
- Vista Outdoor gives American investors another chance to raise their bid [Yahoo! Finance]Yahoo! Finance
- Revelyst Announces Chief Supply Chain Officer [Yahoo! Finance]Yahoo! Finance
- Revelyst Announces Chief Supply Chain OfficerBusiness Wire
VSTO
Earnings
- 1/31/24 - Miss
VSTO
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form DEFM14A
- VSTO's page on the SEC website