07:03 AM EDT, 07/08/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Monday that it entered an amendment to the merger agreement with Czechoslovak Group, increasing the purchase price for The Kinetic Group business by $100 million to $2.1 billion.

The amendment also increases the cash consideration payable to Vista Outdoor ( VSTO ) stockholders by $3 per share of Vista Outdoor ( VSTO ) common stock to $21 in cash, the company said.

The Vista Outdoor ( VSTO ) board unanimously reaffirmed the recommendation that its stockholders vote in favor of the transaction. A special meeting of stockholders to vote on the merger is scheduled for July 23.

Meanwhile, the board unanimously rejected MNC Capital's final indication as "inadequate and opportunistic", saying it undervalues Vista Outdoor ( VSTO ) as a whole, especially the Revelyst business.