MNC Capital Is Not Withdrawing, and Does Not Intend to Reduce, Its $43 Per Share Offer for Vista Outdoor
MNC Capital Is Not Withdrawing, and Does Not Intend to Reduce, Its $43 Per Share Offer for Vista Outdoor
MNC Capital Committed to Re-Engaging with Vista Outdoor on Acquisition of Entire Company
MNC Capital Partners, L.P. (“MNC”) announced today that it is not withdrawing, and does not intend to reduce, its $43 per share all-cash offer for Vista Outdoor Inc. (NYSE: VSTO). MNC is committed to re-engaging with Vista on the acquisition of the entire company. MNC also said that the private equity firm that has been part of its efforts to acquire all of Vista (“PE Firm") is still committed to acquiring Revelyst in any MNC transaction supported by Vista in the future.
After Vista’s press release on Wednesday, MNC was advised by the PE Firm that it had approached Vista and CSG over this past weekend to explore whether they were prepared to consider a transaction where all of Vista was being acquired.
As Vista has disclosed in its own supplemental proxy filing, the PE Firm informed Vista that it was only interested in acquiring Revelyst as part of a revised transaction with CSG in which all of Vista would be sold and that it would not have any interest in acquiring Revelyst after the closing of the transaction with CSG.
Vista stockholders have no reason to believe that should they approve the current CSG transaction that Revelyst will be acquired after such approval. If the stockholders do not approve the CSG transaction, MNC believes that it can deliver a transaction for the entire company that stockholders will approve.
Media Contacts:
Michael Landau / Lauren Odell, Gladstone Place Partners
(212) 230-5930
View source version on businesswire.com: https://www.businesswire.com/news/home/20240920314373/en/
-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks