Vista Outdoor Rejects MNC's $3.2B Bid, Accepts CSG's $2.1B Offer for Ammo Unit

Vista Outdoor favors CSG's proposal, citing better shareholder value and regulatory clarity over MNC Capital's final offer.

Vista Outdoor will sell its Kinetic Group to Czechoslovak Group (CSG) for $2.1 billion.
The deal allows Vista to retain its Revelyst division, which will become a separate public company.
Vista's board unanimously rejected MNC Capital's $3.2 billion buyout offer, calling it undervalued.
The CSG deal has already received necessary U.S. regulatory approvals, ensuring a smoother closing process.
A special shareholder meeting to approve the CSG deal is scheduled for July 23.