Vista Outdoor Confirms Receipt Of Revised $37.50/Share Indication Of Interest From MNC Capital; Urges Stockholders Not To Take Any Action At This Time
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor has received a revised offer of $37.50 per share from MNC Capital. The company's board has not yet made a decision regarding this new offer and continues to support the existing merger agreement with Czechoslovak Group (CSG) for the acquisition of its Sporting Products business. Shareholders are advised not to take any action at this time.
March 25, 2024 | 9:12 pm
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Vista Outdoor received a revised acquisition offer from MNC Capital at $37.50 per share, while still supporting its existing merger agreement with CSG.
The revised offer from MNC Capital could potentially increase investor interest in VSTO, leading to a short-term uptick in its stock price. However, the company's continued support for the merger with CSG and the advice to shareholders not to take any action yet introduces uncertainty, which is why the confidence level is not at 100.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100