MNC Capital Says It Has Absolutely No Intention Of Increasing Its $42 Per Share Vista Outdoor Offer; Questions Vista's Incomplete and Inaccurate Disclosures
Portfolio Pulse from Benzinga Newsdesk
MNC Capital has stated it has no intention of increasing its $42 per share offer for Vista Outdoor, citing incomplete and inaccurate disclosures by Vista. MNC criticized Vista for not engaging with them for almost two months and making untrue statements about the offer.
July 15, 2024 | 10:09 am
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NEGATIVE IMPACT
MNC Capital has reaffirmed its $42 per share offer for Vista Outdoor, criticizing the company for incomplete and inaccurate disclosures and lack of engagement.
MNC Capital's firm stance on not increasing its offer and the criticism of Vista's disclosures could negatively impact investor sentiment towards Vista Outdoor in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100