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 […]
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 […]