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Vista Outdoor confirms receiving additional information from MNC Capital
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Vista Outdoor confirms receiving additional information from MNC Capital
Jul 2, 2024 3:07 PM

July 2 (Reuters) - Vista Outdoor ( VSTO ) confirmed on

Tuesday it received additional information from MNC Capital as

part of the investment firm's efforts to acquire the sporting

and outdoor goods maker.

MNC Capital raised its bid for Vista to $3.2 billion last

month, just days after the U.S. company agreed to sell its

sporting goods and ammunition business to Prague-based

Czechoslovak Group (CSG).

Vista had rejected the previous bids by MNC Capital, in

favor of its plan to separate its businesses.

It is carefully reviewing the additional information

provided by MNC and the final offer, Vista said.

The company added that it continues to recommend its

stockholders to vote in favor of the proposed merger agreement

with CSG at the Vista Outdoor ( VSTO ) special meeting of stockholders on

July 23.

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