Tag: $Vista Outdoor’s

Shares of Vista Outdoor rose after the company reached a deal to sell its two business lines for $3.35 billion, potentially concluding a lengthy back-and-forth with potential bidders this year.

Vista Outdoor disclosed a more than $2 billion offer for its sporting-goods business, the latest development in the continuing bidding war and rejected MNC Capital’s latest proposal.

Vista Outdoor once again rejected a bid from MNC Capital and further recommended a deal between Vista and Czechoslovak Group.

Czech gunmaker Colt CZ Group said on Tuesday it had sold all its shares in U.S. sporting and outdoor products group Vista Outdoor after a rejected bid last year, as it turned focus to its planned acquisition of another group.

Vista Outdoor Inc.’s stock fell slightly early Monday, after the maker of sports and outdoor products including ammunition said its board has rejected an unsolicited bid from MNC Capital offering to acquire the company for $35 a share in cash.