VSTO Stock Recent News

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor,” the “Company,” “we,” “us” or “our”) (NYSE: VSTO) and Czechoslovak Group a.s. (“CSG”) announced today that the Committee on Foreign Investment in the United States (“CFIUS”) has cleared CSG's proposed acquisition of Vista Outdoor's The Kinetic Group business (the “Transaction”). Vista Outdoor and CSG received written notice from CFIUS that CFIUS has concluded its review and investigation of the Transaction and has determined tha.

Vista Outdoor Inc. said Monday the Czechoslovak Group A.S. has increased its bid for its Kinetic Group business by $40 million to $2 billion and raised the cash consideration by $2 a share to $18.

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) today announced that, on June 23, 2024, it entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”). The amended agreement further increases the base purchase price payable by CSG for the acquisition of The Kinetic Group business (the “CSG Transaction”) by $40 million from $1.96 billion to $2 billion and increases the cash consideration payable to Vista Outdoor stockho.

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor”, the “Company”, “we”, “us” or “our”) (NYSE: VSTO) today reaffirmed its recommendation that Vista Outdoor stockholders vote in favor of the proposed merger agreement with Czechoslovak Group a.s. (“CSG”) pursuant to which CSG will acquire The Kinetic Group for $1.96 billion in cash. Vista Outdoor remains confident that it will receive clearance from the Committee on Foreign Investment in the United States (“CFIUS”) with respect to.

Vista Outdoor said on Monday it had rejected a sweetened bid for the company by investment firm MNC Capital, and that a private investment firm had offered to buy its sporting products unit for more than $2 billion.

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) today announced that its Board of Directors (the “Board”), following consultation with its financial and legal advisors, has rejected the unsolicited indication of interest received from MNC Capital (“MNC”) on June 6, 2024 pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $39.50 per Vista Outdoor share. The Board issued a letter to MNC which is repro.

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) today confirmed that it received an indication of interest on June 7, 2024 from a U.S. based private investment firm (“an alternative party”), which was involved in the prior sales process for The Kinetic Group in 2023, pursuant to which the alternative party would acquire The Kinetic Group for $2,008,500,000 in cash, on a cash-free, debt-free basis. The $47.75 million break fee payable to Czechosl.

Investment firm MNC Capital has raised its offer to acquire sporting and outdoor goods company Vista Outdoor to $39.50 per share, or over $3 billion, the investment firm said on Thursday.

DALLAS--(BUSINESS WIRE)--MNC Capital Partners, L.P. today announced that it has submitted an increased all-cash proposal to acquire all of the outstanding shares of Vista Outdoor, Inc. (NYSE: VSTO) for $39.50 per share, or over $3.0 billion. The revised proposal represents a premium of 46% 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 offe.

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) announced today that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) recommends stockholders vote “FOR” the proposed sale of Vista Outdoor's The Kinetic Group business to Czechoslovak Group a.s. (“CSG”). Vista Outdoor's special meeting of stockholders is scheduled to be held on June 14, 2024. On May 27, 2024, Vista Outdoor entered into an amendment to the merger a.