Arrow Holdings has made an offer to acquire Target Hospitality for $10.80 per share, significantly impacting its stock, which saw a pre-market increase of 16.5% and eventually went up 22%. Concurrently, Vista Outdoor has received an improved acquisition offer from MNC Capital, raising its bid to $3 billion from the initial $2.9 billion, to acquire the company for $37.50 per share. This revised offer has led to a 6.9% pre-market increase in Vista Outdoor's stock. The increased bid by MNC Capital for Vista Outdoor, a notable maker of sporting and outdoor products, comes amidst Vista Outdoor's considerations to sell its firearms and ammo division to a Prague-based group, a move that has triggered a U.S. national security review. The potential acquisition by Dallas-based MNC Capital could help Vista Outdoor sidestep this review.
Vista Outdoors has received a $3B rival takeover offer from Dallas-based MNC Capital. This could help it sidestep a U.S. national security review, which launched after it agreed to sell its firearms and ammo division to a Prague-based group. https://t.co/3qgNEASKXO
Vista Outdoor gets improved $3 bln bid from MNC Capital https://t.co/RVxTTqx1bz https://t.co/6vTKLQ4OpJ
Ammo maker Vista Outdoors gets $3 billion rival takeover offer https://t.co/X39J7Aod82
$TH receives offer to buy remaining stake for $10.80, stock up 22% https://t.co/14EYu0tBEi
Vista Outdoor’s stock rises on boosted $3B acquisition offer https://t.co/h2qaxwbaBg
⚠️ VISTA OUTDOOR GETS IMPROVED $3 BILLION BID FROM MNC CAPITAL Full Story → https://t.co/xYbloqrCGB Investment firm MNC Capital said on Monday it has raised its all cash bid to acquire sporting and outdoor products maker Vista Outdoor to $3 billion from $2.9 billion.
$TH (+16.5% pre) Arrow Holdings offers to acquire Target Hospitality (TH) for $10.80/share - SI https://t.co/Gu9QIN5z2E
$VSTO (+6.9% pre) MNC Capital Raises Offer to Acquire Vista Outdoor (VSTO) to $37.50 Per Share - SI https://t.co/3jPOMGvor3