Reported about 1 year ago
Vista Outdoor rejected MNC Capital's $3.2 billion buyout offer, deeming it undervalued, and opted for Czechoslovak Group's (CSG) increased bid for its ammunition unit, Kinetic Group. CSG raised the purchase price by $100 million to $2.1 billion, offering Vista shareholders one share of Revelyst common stock and $21.00 in cash upon closing. The deal with CSG is expected to close this month, pending stockholder approval at a virtual special meeting on July 23.
Source: YAHOO