MNC Capital raises bid to acquire Vista Outdoor to $43 per share

Vista Outdoor

07/09/2024 16:41

Sept 7 (Reuters) - Investment firm MNC Capital said on
Saturday that it has increased its buyout offer for Vista
Outdoor  VSTO.N  to $43 per share from $42. 
    The U.S. firm said it had sent a letter to Vista on Friday
stating, "MNC is now prepared to offer an increased all-cash
purchase price of $43.00 per share for Vista, despite
substantial market headwinds for consumer spending and softness
in Vista's recent quarterly results."

 (Reporting by Gursimran Kaur in Bengaluru; editing by Diane
Craft)
 ((GursimranKaur.Mehar@thomsonreuters.com;))