Vista Outdoor Bidding Hits $3.2 Billion
VSTO suitor MNC Capital, which wants to acquire the entire company, has upped its offer to $42.00 per share from $39.50, in an attempt to entice shareholders to block Czechoslovak Group’s Kinetic Group acquisition at next week’s special meeting. Last week, proxy advisory firm Institutional Shareholder Services pulled its endorsement of the CSG deal, suggesting instead that shareholders abstain from voting, and that the VSTO board should consider MNC’s offer. The board has said repeatedly that MNC is undervaluing its Revelyst outdoor business with offers that began in Mar. at ... Log in to view full article.