Vista Outdoor Inc. (VSTO)
After hours:
- Business Wire
Revelyst Announces Chief Supply Chain Officer
ANOKA, Minn., April 23, 2024--Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), today announced the appointment of Joe Beck as Chief Supply Chain Officer, effective April 22. In the third quarter, Revelyst launched GEAR Up, the company’s plan to simplify its business model, deliver increased efficiency and profitability, and reinvest in its highest potential brands to accele
- Reuters
Vista Outdoor asks MNC Capital to increase $3 billion buyout offer
Shares of Vista rose 5% in early trading. MNC Capital had in March raised its all-cash bid to acquire Vista to $37.50 per share, or $3 billion, after the company turned down its earlier offer of $2.90 billion. Vista is already in talks to sell its sporting goods unit, which includes its ammunition business, to privately held Czech defense and civil manufacturing company Czechoslovak Group (CSG) in a $1.91 billion deal.
- Reuters
UPDATE 2-Vista Outdoor urges MNC Capital to increase $3 bln buyout offer
Vista Outdoor said on Monday it was engaging in discussions with investment firm MNC Capital for a better deal than its all-cash offer to acquire the sporting and outdoor products maker for $3 billion. MNC Capital had in March raised its all-cash bid to acquire Vista to $37.50 per share, or $3 billion, after the company turned down its earlier offer of $2.90 billion. Vista is already in talks to sell its sporting goods unit, which includes its guns and ammunition business, to privately-held Czech defence and civil manufacturing company Czechoslovak Group (CSG) in a $1.91 billion deal.
