Vista Outdoor confirms receiving additional information from MNC Capital

Vista Outdoor

02/07/2024 22:48

July 2 (Reuters) - Vista Outdoor  VSTO.N  confirmed on
Tuesday it received additional information from MNC Capital as
part of the investment firm's efforts to acquire the sporting
and outdoor goods maker. 
    MNC Capital raised its bid for Vista to $3.2 billion last
month, just days after the U.S. company agreed to sell its
sporting goods and ammunition business to Prague-based
Czechoslovak Group (CSG).
    Vista had rejected the previous bids by MNC Capital, in
favor of its plan to separate its businesses.
    It is carefully reviewing the additional information
provided by MNC and the final offer, Vista said.
    The company added that it continues to recommend its
stockholders to vote in favor of the proposed merger agreement
with CSG at the Vista Outdoor special meeting of stockholders on
July 23.
    

 (Reporting by Harshita Mary Varghese; Editing by Alan Barona)
 ((HarshitaMary.Varghese@thomsonreuters.com;))