Vista Outdoor Rejects Unsolicited ‘Indication of Interest’ From MNC Capital
Vista Outdoor has announced that it has rejected the unsolicited “indication of interest” by MNC Capital in purchasing the company. They’ve issued the following statement . . . ANOKA, MN — Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) announces that its Board of Directors (the “Board”), following consultation with its financial and legal […]
Vista Outdoor Rejects MNC Capital’s Cash Offer to Acquire Sporting Products Brands
Yesterday morning, the Board of Directors for Vista Outdoors (NYSE:VSTO) rejected a $35/per share unsolicited acquisition offer from MNC Capital. The offer was all-cash and would have stopped the split-and-sell strategy the company announced last year. Under that plan, the company would sell its Sporting Products businesses to Czechoslovak Group and keep the Outdoor Products […]