MNC Capital Partners Offers $3.2B All-Cash Deal for Vista Outdoor
Portfolio Pulse from Benzinga Newsdesk
MNC Capital Partners has proposed a $3.2 billion all-cash deal to acquire Vista Outdoor at $42 per share. MNC has provided a Merger Agreement and financing commitments, indicating Vista Outdoor's likely acceptance of the offer.
July 01, 2024 | 11:27 am
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MNC Capital Partners has proposed a $3.2 billion all-cash acquisition of Vista Outdoor at $42 per share. The provision of a Merger Agreement and financing commitments suggests Vista Outdoor's likely acceptance of the offer.
The all-cash offer of $42 per share represents a premium over Vista Outdoor's current stock price, which is likely to drive the stock price up in the short term. The provision of a Merger Agreement and financing commitments indicates a high likelihood of the deal going through.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100