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Vista Outdoor Inc. (NYSE:VSTO) shares surged after announcing a $1.125 billion sale of Revelyst to Strategic Value Partners and an amended merger agreement with Czechoslovak Group to acquire The Kinetic Group for $2.225 billion. These deals value Vista at $3.35 billion, offering $45 per share to stockholders. The transactions are expected to close by January 2025, pending approvals.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 11:30 am

A new mpox variant, Clade I, is causing global concern, with increased screening in Europe and China. The variant is more severe and transmissible, prompting vaccine and drug developments. Bavarian Nordic and SIGA Technologies are key players in the vaccine and treatment landscape.

Portfolio Pulse from Michael Juliano

August 19, 2024 | 6:26 pm

Vista Outdoor Inc. (NYSE:VSTO) has amended its merger agreement with Czechoslovak Group a.s. (CSG), increasing the purchase price to $2.1 billion and raising the cash consideration for stockholders to $21.00 per share. The transaction is expected to close in July 2024. The Vista Outdoor Board has rejected MNC Capital Partners' increased offer of $42.00 per share as inadequate. VSTO stock has gained over 33% in the last twelve months.

Portfolio Pulse from Lekha Gupta

July 08, 2024 | 11:34 am

Vista Outdoor Inc. (NYSE:VSTO) shares are trading higher premarket after MNC Capital Partners increased its all-cash offer to acquire Vista Outdoor to $42.00 per share, representing a significant premium. The revised proposal offers a 25% premium over the previous day's closing price and a 55% premium to the VWAP from October 16, 2023. MNC expects a merger agreement to be signed soon.

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2024 | 11:28 am

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