Vista Outdoor Scores Higher Bid for Ammo Biz
In the face of escalating offers from MNC Capital to buy VSTO outright, Czechoslovak Group has raised its bid for The Kinetic Group ammunition business to $1.96 billion from $1.91 billion, increasing the post-close dividend to shareholders by 24% to $16.00 per share. Under the terms of the deal, VSTO shareholders would be left with one share of a debt-free and well-capitalized Revelyst outdoor business and $16.00 in cash. Vista and CSG are still waiting for approval from the Committee on Foreign Investment in the United States, and a team is ... Log in to view full article.