After Giant Group revealed a double-digit falloff in sales and profits, Taiwan’s other bike makers reported similar headwinds last year, as all three companies face declining demand and excess inventory remaining in the distribution chain.

Turtle Creek Asset Management did not mince words with its assessment of the potential GIL sales process in a Monday morning letter to the embattled board, claiming the directors are not trustworthy as independent fiduciaries and demanding the annual meeting be held on an urgent basis.

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.

VSTO’s outdoor segment has inked an agreement to acquire the golf simulator platform and will integrate it into Foresight Sports, its high-end golf simulator that is part of the precision sports and technology group.

The sum accounted for over 1,400 grants, including $5.6 million in “75for75” Sports Matter grants which award $75,000 to 75 youth sports organizations.