Vista Outdoor Adjourns Special Meeting Of Stockholders To July 23, 2024; Plans To Carefully Review MNC's Revised Offer
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor has adjourned its special meeting of stockholders to July 23, 2024, to review MNC's revised offer. The Board will evaluate the offer in line with its fiduciary duties and the existing merger agreement with Czechoslovak Group a.s. (CSG). No determination has been made regarding the MNC offer.
June 27, 2024 | 11:10 am
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Vista Outdoor has postponed its special stockholder meeting to review a revised offer from MNC. The Board will evaluate the offer in accordance with its fiduciary duties and the existing merger agreement with Czechoslovak Group a.s. (CSG). No decision has been made yet.
The postponement of the stockholder meeting indicates that Vista Outdoor is taking the revised offer from MNC seriously. However, no decision has been made yet, which creates uncertainty. The existing merger agreement with CSG remains in effect, adding another layer of complexity.
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