FX.co ★ Vista Outdoor Says It Expects MNC Capital To Sweeten Offer Price

Vista Outdoor Inc. announced on Monday that it has started talks with MNC Capital regarding the latter's unsolicited interest, shown on March 25, 2024, in purchasing Vista Outdoor. The potential all-cash deal values each Vista share at $37.50.

Vista Outdoor has informed MNC that, after providing them with access to specific critical data as per its existing merger agreement with Czechoslovak Group a.s, it expects MNC to offer an enhanced financial proposal.

Due to the ongoing conversations with MNC, Vista has postponed the special meeting of its shareholders concerning the deal with Czechoslovak Group.

As of now, Vista Outdoor is still committed to the terms of the merger agreement with the Czechoslovak Group. The board of directors of Vista Outdoor continues to advise its shareholders to support the proposal of adopting the current merger agreement with this group.

In the context of the prospective transaction with the Czechoslovak Group, Vista Outdoor remains positive that it will gain approval from the Committee on Foreign Investment in the United States. It is also confident that all other prerequisites for the deal's closure will be met.