Vista Outdoor Suitor Ups Bid to $3.2 Billion
Late last week, MNC Capital increased its all-cash offer for VSTO to $43.00 per share, valuing the entire company at about $3.2 billion, but with a deadline of today for the board to accept its bid, aiming to sign a merger agreement by Sep. 13. Vista’s board responded with a press release complaining about MNC’s tactics as “a frustrating pattern and is not constructive,” and said it would continue discussions with MNC and other parties. Sep. 13 is the date of a scheduled vote by VSTO shareholders on whether to accept ... Log in to view full article.