MNC Capital Increases All-Cash Offer to Acquire Vista Outdoor to $42 Per Share [Yahoo! Finance]
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Vista Outdoor Inc. (VSTO)
Last vista outdoor inc. earnings: 2/6 06:55 am
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Source: Yahoo! Finance
DALLAS, June 26, 2024 BUSINESS WIRE )--MNC Capital Partners, L.P. ("MNC") today announced it has increased its all-cash offer to acquire Vista Outdoor, Inc. (NYSE: VSTO) to $42.00 per share, or approximately $3.2 billion. The revised proposal represents a premium of 55% to the VWAP from when Vista's transaction with the Czechoslovak Group a.s. ("CSG") was announced on October 16, 2023 to the last closing price before MNC's initial offer on February 19, 2024. The revised offer is also an over 40% premium to the last closing price prior to MNC's initial offer. When MNC made its initial bid in mid-February, Vista's shares were trading below $30 — at that time, the market reflected the acquisition of Kinetic by CSG. Yesterday, Vista shares closed at $33.78 — the shares would have closed significantly lower without the expectation that MNC would be continuing to pursue the acquisition of Vista. MNC's revised proposal represents a premium of almost 25% to yesterday's closing price. G
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VSTO
News
- Vista Outdoor postpones special shareholder meeting to consider latest bid for company [Yahoo! Finance]Yahoo! Finance
- Vista Outdoor to Adjourn Special Meeting of Stockholders to July 23, 2024 [Yahoo! Finance]Yahoo! Finance
- Vista Outdoor to Adjourn Special Meeting of Stockholders to July 23, 2024Business Wire
- Vista Outdoor (VSTO) Stock Trades Up, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Vista Outdoor Inc. (NYSE: VSTO) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $40.00 price target on the stock.MarketBeat
VSTO
Earnings
- 5/8/24 - Beat
VSTO
Sec Filings
- 6/24/24 - Form 8-K
- 6/10/24 - Form DEFA14A
- 5/29/24 - Form 10-K
- VSTO's page on the SEC website