Vista Outdoor Receives $2,008,500,000 Cash Offer For The Kinetic Group From A Private Investment Firm; Co. Separately Announces Rejection Of MNC Capital's Latest Indication Of Interest
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor has received a $2,008,500,000 cash offer for The Kinetic Group from a private investment firm. Additionally, the company has rejected MNC Capital's latest indication of interest.
June 10, 2024 | 11:52 am
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Vista Outdoor has received a $2,008,500,000 cash offer for The Kinetic Group from a private investment firm and has rejected MNC Capital's latest indication of interest.
The substantial cash offer for The Kinetic Group is likely to positively impact Vista Outdoor's stock price in the short term as it indicates strong interest and valuation for its assets. The rejection of MNC Capital's interest suggests that Vista Outdoor is confident in its current strategy or expects better offers.
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