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Vista Outdoor Says It Expects MNC Capital To Sweeten Offer Price

RTTNews | 493 dagar sedan

Vista Outdoor Says It Expects MNC Capital To Sweeten Offer Price

(RTTNews) - 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.

The Company advised MNC it expects MNC to deliver an improved economic proposal following the Company providing MNC with access to certain diligence information as permitted in accordance with the terms of the existing merger agreement with Czechoslovak Group a.s.

Given these ongoing discussions, the Company will adjourn the special meeting of its stockholders with respect to the CSG transaction.

Vista Outdoor remains bound by the terms of the merger agreement with CSG and the Vista Outdoor Board of Directors continues to recommend Vista stockholders vote in favor of the proposal to adopt the existing merger agreement with CSG.

Vista Outdoor continues to be confident that it will receive clearance from the Committee on Foreign Investment in the United States with respect to the proposed transaction with CSG and that all other closing conditions will be satisfied.

Taggar: 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 | 430 dagar sedan

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

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

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.

RTTNews | 542 dagar sedan

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 | 53 sekunder sedan

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 | 27 minuter sedan

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 | 30 minuter sedan

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 | 32 minuter sedan

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 | 49 minuter sedan

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 | 52 minuter sedan

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