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Vista Outdoor Rejects Unsolicited Indication Of Interest From MNC Capital Of $35/share In Cash

RTTNews | Před 542 dny

Vista Outdoor Rejects Unsolicited Indication Of Interest From MNC Capital Of $35/share In Cash

(RTTNews) - Vista Outdoor Inc. (VSTO) announced Monday that its Board of Directors, following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital.

MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share. The Vista Outdoor Board also issued a letter to MNC stating the rejection.

The Vista Outdoor Board continues to recommend the acquisition of the Sporting Products business by Czechoslovak Group a.s. It also remains committed to the strategy of standing up the Outdoor Products business as a standalone public company to drive the greatest value for our stockholders.

The acquisition of the Sporting Products business by Czechoslovak is expected to close in calendar year 2024, subject to approval of Vista Outdoor's stockholders, receipt of necessary regulatory approvals and other customary closing conditions.

Značky : VSTO

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Czechoslovak Group Raises Base Purchase Price For Kinetic Group By $40 Mln To $2 Bln

Czechoslovak Group Raises Base Purchase Price For Kinetic Group By $40 Mln To $2 Bln

Vista Outdoor Inc. (VSTO) announced Monday that it entered into an amendment to the merger agreement with Czechoslovak Group a.s., whereby Czechoslovak Group raised its offer for the base purchase price payable for the acquisition of The Kinetic Group business by $40 million to $2 billion from $1.96 billion.

RTTNews | Před 430 dny

Vista Outdoor Says It Expects MNC Capital To Sweeten Offer Price

Vista Outdoor Says It Expects MNC Capital To Sweeten Offer Price

Vista Outdoor Inc. (VSTO) said Monday it is engaging in discussions with MNC Capital related to its March 25, 2024 unsolicited indication of interest pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share.

RTTNews | Před 493 dny

Rebound Anticipated For Taiwan Stock Market

Rebound Anticipated For Taiwan Stock Market

The Taiwan stock market on Thursday wrote a finish to the three-day winning streak in which it had jumped more than 750 points or 3.1 percent. The Taiwan Stock Exchange now rests just beneath the 24,230-point plateau although it figures to bounce higher again on Friday.

RTTNews | Před 5 minutami

Japan Retail Sales Add 0.3% In July

Japan Retail Sales Add 0.3% In July

The value of retail sales in Japan was up a seasonally adjusted 0.3 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday - coming in at 13.335 trillion yen.

RTTNews | Před 32 minutami

Singapore Stock Market May Add To Its Winnings On Friday

Singapore Stock Market May Add To Its Winnings On Friday

The Singapore stock market has finished higher in consecutive trading days, gathering more than 10 points or 0.25 percent in that span. The Straits Times Index now sits just above the 4,250-point plateau see additional support on Friday.

RTTNews | Před 35 minutami

Japan Industrial Output Sinks 1.6% In July

Japan Industrial Output Sinks 1.6% In July

Industrial production in Japan was down a seasonally adjusted1.6 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday.

RTTNews | Před 37 minutami

Japan Jobless Rate Falls To 2.3% In July

Japan Jobless Rate Falls To 2.3% In July

The unemployment rate in Japan came in at a seasonally adjusted 2.3 percent in July, the Ministry of Internal Affairs and Communications said on Friday.

RTTNews | Před 54 minutami

Tokyo Overall Inflation Climbs 2.6% On Year In August

Tokyo Overall Inflation Climbs 2.6% On Year In August

Overall consumer prices in the Tokyo region of Japan - considered a leading indicator for the national trend - were up 2.6 percent on year in August, the Ministry of Communications and Internal Affairs said on Friday.

RTTNews | Před 57 minutami

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