Vista Outdoor rises on $2 bln takeover offer from MNC Capital

Colt CZ SE

01/03/2024 15:21

** Sporting and outdoor products group Vista Outdoor
 VSTO.N  up ~5% at $32.7
    ** Investment firm MNC Capital offers to buy VSTO for $2.04
bln for $35/shr in cash 
    ** Offer is at a premium of 12.2% to VSTO's last close of
$31.20
    ** Co says its board is actively reviewing the proposal from
MNC and expects to respond to the proposal by next week
    ** In November 2023, Vista rejected a cash-and-stock offer
from Czech gunmaker Colt CZ  CZG.PR , which valued co at a 16%
premium
    ** VSTO gained 11% YTD until last close

 (Reporting by Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))