MNC Capital Ups the Ante for Vista Outdoor
Investment firm MNC Capital has increased its bid to $3 billion from $2.9 billion, offering $37.50 per VSTO share, up from $35, aiming to acquire both the outdoor and ammo businesses. Earlier this month, Vista’s board rejected the initial proposal stating that the offer significantly undervalued the company, opting instead to go ahead with the planned sale of the Sporting Products ... Log in to view full article.
