It Looks Like the Battle Over Vista’s Ammunition Businesses is Over

It took a $100 million bump in the sales price, but it appears Czechoslovak Group (CSG) has finally gotten the final endorsement of Vista Outdoor Board of Directors to proceed with the acquisition of Vista’s Kinetic Group. The final price for the ammunition division (The Kinetic Group) of Vista works out to $21/per share -in […]

Vista Outdoor Rejects Unsolicited ‘Indication of Interest’ From MNC Capital

Vista Outdoor has announced that it has rejected the unsolicited “indication of interest” by MNC Capital in purchasing the company. They’ve issued the following statement . . . ANOKA, MN — Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO)  announces that its Board of Directors (the “Board”), following consultation with its financial and legal […]

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 […]