Who’s Running a Disinformation Campaign Against the Vista/CSG Deal and Why?
In the outdoor industry handshakes often seal agreements and paperwork is a formality. Sure, deals fall through, but seldom is the problem due to another suitor popping up. That’s why the proposed acquisition of Vista Outdoors’ Kinetic group (the ammunition makers) by Czechoslovakia’s CSG has gotten a lot of attention. Yesterday, a pair of letters […]
Vista Outdoor Rejects MNC Capital’s Cash Offer to Acquire Sporting Products Brands
Yesterday morning, the Board of Directors for Vista Outdoors (NYSE:VSTO) rejected a $35/per share unsolicited acquisition offer from MNC Capital. The offer was all-cash and would have stopped the split-and-sell strategy the company announced last year. Under that plan, the company would sell its Sporting Products businesses to Czechoslovak Group and keep the Outdoor Products […]