VSTO Stock Recent News

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO--Vista Outdoor's Board today issued an open letter to stockholders in connection with its upcoming Special Meeting of Stockholders on July 23, 2024.

Shares of Vista Outdoor (VSTO) edged higher Monday after the outdoor products company rejected a private equity firm's takeover offer, putting its support behind another company's bid to buy one of its divisions for $2.1 billion.

Vista Outdoor said on Monday it was rejecting investment firm MNC Capital's revised offer to acquire the company and had agreed to an increased bid for its ammunitions unit from Czechoslovak Group (CSG).

Vista Outdoor Inc. NYSE: VSTO is an outdoor products company comprised of many brands in the sporting and outdoor categories. While other outdoor stocks are selling off, Vista stock trades near 52-week highs, trading up 27.3% year-to-date (YTD).

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO) today confirms receipt of information delivered by MNC Capital (“MNC”) in response to the Vista Outdoor's request for certain additional information required in order to assess MNC's revised indication of interest pursuant to which MNC expressed its final effort to acquire Vista Outdoor in an all-cash transaction for $42.00 per share (the “Final Indication”). The Vista Outdoor Board is carefully reviewing the addit.

Small-cap stocks are hurt more by high interest rates than their larger peers. Without the same access to capital, they are forced to borrow money at higher rates.

Shares of Vista Outdoor (VSTO) are rising in premarket trading Wednesday after MNC Capital said it's raising its all-cash offer for the full company to $42 per share, about $3.2 billion.

MCN Capital Partners L.P. said Wednesday it has raised its all-cash bid for Vista Outdoor Inc. VSTO, -2.71% to $42 a share, or about $3.2 billion, from $39.50 previously.

DALLAS--(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 t.

Vista Outdoor and Czechoslovak Group (CSG) said on Tuesday that they had received regulatory approval from an interagency committee of the United States government for the proposed sale of Vista's sporting products and ammunition business to the Prague-based defense firm.