The Czechoslovak Group (CSG) has raised its offer to acquire Vista Outdoor's Kinetic Group ammunition unit to $2 billion, up from a previous bid of $1.96 billion. This move aims to secure the deal and fend off competing takeover bids. The acquisition has received approval from the US government committee and CFIUS clearance, though it faces scrutiny over national security and market concentration concerns. The deal includes assets such as Federal and Remington. Additionally, MNC Capital has increased its all-cash offer to acquire Vista Outdoor to $42 per share, totaling approximately $3.2 billion.
$VSTO (+9.5% pre) MNC Capital Raises Offer for Vista Outdoor (VSTO) to $42/sh https://t.co/bQp9fjeb7A
MNC Capital offers $42/share for $VSTO after CSG calls Czechmate. Only one thought ... https://t.co/vkRyMcIk85
MNC Capital raises all-cash offer for Vista Outdoor to $42 a share, or about $3.2 billion https://t.co/cZG09TAjwM
Czech billionaire makes formal £3.75bn takeover offer for Royal Mail https://t.co/hFSaRUFnfS https://t.co/bjhGqM3vlf
⚠️ MNC CAPITAL INCREASES ALL-CASH OFFER TO ACQUIRE VISTA OUTDOOR TO $42 PER SHARE **MNC HAS SECURED DEBT AND EQUITY COMMITMENTS MORE THAN SUFFICIENT TO CLOSE TRANSACTION **MNC CAPITAL: ALL-CASH OFFER TO ACQUIRE VISTA OUTDOOR FOR ABOUT $3.2 BLN **IT CANNOT SEE ANY POSSIBLE…
Vista Outdoor (VSTO) …gets CFIUS clearance to sell Kinetic Group(Federal,Remington ++) asset to CSG ….will Vista owners get another option…for company …vote next week
Royal Mail bidder sends letters to staff outlining £3.75bn takeover offer https://t.co/KOxs5jfIir
Vista Outdoor receives US government committee approval for sporting unit sale to CSG https://t.co/sUJlaMQFe2 https://t.co/DekWqORgKQ
$VSTO POLITICO Sale of big U.S. ammo business could hit antitrust snag The purchase of Vista Outdoor’s ammo business by Czech company CSG Group is under national security scrutiny, but critics say it will also cause too much concentration in the manufacture of a key component for…
Vista Outdoor says CSG has raised its bid for its sports business to $2 billion https://t.co/32ZEqeuj42
The Czechoslovakia Group (CSG) raised its bid for Vista Outdoor's ammunition unit from $1.96 billion to $2 billion, the company said Monday. https://t.co/lzBp3UMuaX
$VSTO @VistaOutdoorInc Vista Outdoor Inc. Filing 8-K reported on 2024-06-23 via https://t.co/NvsuucOWNH https://t.co/1q8wKVq6ua
Czechoslovak Group raises offer for US ammunition maker Kinetic to $2bn https://t.co/GYIXPL0Kg1
Czechoslovak Group raises offer to buy Vista's sporting unit for $2 bln https://t.co/mh91NP3SFl https://t.co/TdkGqLIC01
Czechoslovak raised its offer for Vista Outdoor’s Kinetic Group ammunition unit to $2 billion, in an effort to seal a deal and ward off a competing takeover of the US maker of recreational products https://t.co/nd2BnHTKdD