Vista Outdoor Inc is a dynamic outdoor sports and recreation company that specializes in the design, manufacture, and marketing of a diverse range of products catering to outdoor enthusiasts
The company encompasses several well-known brands that produce firearms, ammunition, outdoor cooking equipment, camping gear, and other related accessories, aimed at hunters, shooters, and outdoor adventurers. With a strong commitment to sustainability and innovation, Vista Outdoor focuses on enhancing the outdoor experience while fostering a culture of safety and responsibility in outdoor activities. Their extensive portfolio reflects a dedication to providing high-quality, performance-driven products that resonate with consumers engaged in various outdoor pursuits.
Vista Outdoor disclosed an amendment to its merger agreement with Czechoslovak Group a.s., which increases the purchase price payable by CSG for the acquisition of The Kinetic Group business by $100 million to $2.1 billion.
Vista Outdoor shares surge in premarket trading as MNC Capital Partners raises its all-cash acquisition offer to $42.00 per share, a substantial premium.
US Surgeon General declares gun violence a public health crisis, citing high death rates and mental toll. He urges public to address it as a health issue.
Vista Outdoor shares surged after announcing an amended merger agreement with Czechoslovak Group a.s. (CSG), increasing the base purchase price for The Kinetic Group business by $40 million to $2 billion. The amendment also raises the cash consideration for stockholders by $2.00 per share, from $16.00 to $18.00.
Vista Outdoor shares rose after its Board rejected MNC Capital's acquisition proposal, stating it undervalued the company. Additionally, Vista Outdoor received a $2 billion takeover interest for its Kinetic Group from a U.S.-based private investment firm. The Board believes this offer could lead to a superior proposal.
Vista Outdoor Inc. shares rise as MNC Capital raises offer to over $3.0 billion. The revised offer is over a 30% premium to the last closing price before MNC's initial offer.
