Vista Outdoor up after MNC Capital raises buyout deal

Vista Outdoor

26/06/2024 11:53

** Sporting and outdoor goods maker Vista Outdoor  VSTO.N 
up ~11% at $37.40 premarket
    ** MNC Capital increases bid to acquire VSTO to $42/shr from
$39.50/shr
    ** Latest offer implies a premium of nearly 35% to VSTO
closing price on Feb. 29, a day before MNC first made its bid of
$35/shr
    ** On Monday, VSTO agreed to sell its sporting products and
ammunition business for about $2 bln after Czechoslovak Group
raised offer for second time
    ** As of last close, VSTO stock up nearly 14% YTD

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))