Among the options Vista is reviewing before the next shareholder meeting is to re-engage in talks with MNC in hopes of landing a larger proposal from the venture capital group.
Vista Outdoor is reviewing "strategic alternative" options after multiple shareholders denounced the sale of its ammunition branch to Czech holding company Czechoslovak Group . Vista's decision comes the same day that the company was supposed to hold its shareholder meeting to vote on the sale of The Kinetic Group to CSG.
"The PVC views MNC Capital’s fully financed $42 per share all-cash offer as superior to the proposed sale of The Kinetic Group to CSG," GAMCO said in a recent letter to Vista's board. "We encourage the board to reconsider its position and engage with MNC Capital." REMINGTON'S SALE OF ITS AMMUNITION ARM TO A FOREIGN BUYER IS RAISING EYEBROWS MNC has said it is willing to go higher, but does not currently see any reason to increase the current offer.
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