The investment firm had over the weekend raised its per share offer by $1, valuing Vista at $2.51 billion, but gave a tight deadline that expired on Monday. MNC entered the race in March when it first offered nearly $2 billion for Vista's equity, which was then planning to sell its sporting goods business. Vista shares were then trading at a much higher price than its current value of about $38.
ANOKA, Minn., September 10, 2024--Vista Outdoor Inc. ("Vista Outdoor", the "Company") (NYSE: VSTO) today announced that, as part of the Board of Directors’ ongoing review of strategic alternatives to maximize stockholder value, the Company and its Board, and their respective financial and legal advisors, are continuing to engage with MNC Capital ("MNC") and its private equity partner and advisors with respect to MNC’s revised proposal to acquire Vista Outdoor for $43.00 per share in cash, which
ANOKA, Minn., September 07, 2024--Vista Outdoor Inc.’s ("Vista Outdoor", the "Company") (NYSE: VSTO) Board of Directors today commented on MNC Capital’s ("MNC") most recent communication: