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

RTTNews | vor 543 Tagen
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.

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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 | vor 431 Tagen
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 | vor 494 Tagen
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | vor 23 Minuten
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | vor 3Std 26 Minuten
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | vor 4Std 9 Minuten
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | vor 4Std 39 Minuten