08:32 AM EDT, 06/10/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Monday it received a roughly $2.01 billion alternative acquisition proposal for The Kinetic Group from a US investment firm.

The sporting and outdoor products company said that if it terminates its current merger agreement with Czechoslovak Group, it would owe CSG a roughly $47.8 million break fee.

The alternate party is prepared to support the price and finalize agreements by Friday, Vista Outdoor ( VSTO ) added.

Vista Outdoor's ( VSTO ) Board, which believes the new proposal could lead to a better offer, remains committed to its merger agreement with CSG, the company said.

There is no guarantee that the board will find the new proposal superior or that an agreement with the investment firm will be reached, Vista Outdoor ( VSTO ) added.

The company said its stockholder meeting is being rescheduled to July 2 to discuss the new offer.

Shares of the company were up 2% in recent Monday premarket activity.

Price: 36.50, Change: +0.72, Percent Change: +2.01