07:55 AM EDT, 06/27/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Thursday that it will adjourn the special meeting of stockholders scheduled for July 2 on July 23 to allow the company to engage with stockholders before voting on a recent acquisition proposal.

The company confirmed receiving a revised unsolicited indication of interest from MNC Capital to acquire Vista Outdoor ( VSTO ) in an all-cash transaction for $42 per share.

Vista Outdoor's ( VSTO ) board of directors plans to review the revised MNC indication in line with its obligations under the existing merger agreement with the Czechoslovak Group.

The company said it issued a letter to MNC to request certain information, including evidence of committed financing, required for the board to assess their revised indication by July 1.

The board continues to recommend Vista Outdoor ( VSTO ) stockholders vote in favor of the Czechoslovak Group merger agreement at the special meeting, for which it has received all regulatory approvals, the company said.

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