MNC Capital Ready to Make $42 Per Share Tender Offer for Vista Outdoor Shareholders
Portfolio Pulse from Benzinga Newsdesk
MNC Capital Partners has announced a $42 per share all-cash tender offer for Vista Outdoor Inc (NYSE:VSTO). MNC is committed to this offer and is willing to make the tender offer directly to Vista's shareholders if Vista approves.
July 22, 2024 | 12:00 pm
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MNC Capital Partners has announced a $42 per share all-cash tender offer for Vista Outdoor Inc. This could lead to a significant short-term increase in VSTO's stock price as investors react to the premium offer.
The announcement of a $42 per share tender offer represents a premium over the current trading price of VSTO, which is likely to drive the stock price up in the short term as investors react positively to the potential acquisition.
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