Vista Outdoor Sticks with Czechoslovak Group
The VSTO board urged shareholders to adopt last week's revised offer from the Czechoslovak Group for the Kinetic Group ammunition business over the latest offer from MNC Capital for the entire company at the special shareholder meeting set for Sep. 27, while revealing it is entertaining a new offer for the Revelyst outdoor business from an unnamed private equity firm who had worked with MNC. SEC filings indicate the latest offer puts an imputed value of $1.10 billion on the outdoor business, with the board deciding to stay in talks with ... Log in to view full article.