ANOKA, Minn., June 27, 2024--Vista Outdoor will adjourn the special meeting of stockholders to engage with stockholders prior to the vote in light of recent developments.
Shares of sports and recreation company (NYSE:VSTO) jumped 12.3% in the afternoon session after MNC Capital Partners raised its offer to acquire the company (Vista Outdoor). The new proposal is an all-cash offer to acquire VSTO for $42 per share, or about $3.2 billion, up from the previous offer of $39.50. The new offer represents more than a 30% premium compared to the closing price of VSTO's stock a day before the deal was announced. MNC added that "it cannot see any possible basis or reason t
VSTO stock jumped Wednesday, after MNC Capital upped its offer to acquire Vista Outdoor to $42 a share in cash.