10:05 AM EDT, 07/29/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) shareholder Gamco Asset Management said Monday it has sent a letter to Vista Board Chair Michael Callahan about its plan to vote against the proposed acquisition of Vista's Kinetic Group by the Czechoslovak Group.

Gamco said its proxy voting committee believes that MNC Capital's $42 per share all-cash offer is superior to Czechoslovak's offer.

"We encourage the board to reconsider its position and engage with MNC Capital," Gamco said. Gamco owns, on behalf of its clients, nearly 1.1% of Vista's shares, it added.

Vista Outdoor ( VSTO ), which is scheduled to hold its shareholder meeting on Tuesday, didn't immediately respond to a request for comment by MT Newswires.

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