Vista Outdoor reveals that a third party has withdrawn interest in the $2 billion Kinetic deal. The company suggests that pressure from investment firm MNC Capital might have influenced the bidder's decision. Additionally, private equity firm JDH has retracted its offer to purchase Vista Outdoor's ammunition business.
Veris Residential Retreats From Stock Offering, Nixes Acquisition https://t.co/zPV0kcbDLk
JDH, the private equity firm that offered to buy Vista Outdoor's ammunition business last week, has withdrawn that offer, the company said. https://t.co/AWvN80SKVs
Vista says MNC Capital's likely pressure may have prompted bidder to pull offer for unit https://t.co/1826He5sf8 https://t.co/VZmvPZJDO2
🔵 VISTA SAYS MNC CAPITAL'S LIKELY PRESSURE MAY HAVE PROMPTED BIDDER TO PULL OFFER FOR UNIT Vista Outdoor said on Monday that possible pressure from investment firm MNC Capital might have forced one of the bidders for the company's sporting products business to drop its $2…
$VSTO (+0.0% pre) Vista Outdoor says third party is no longer interested in the $2B Kinetic deal - SA https://t.co/54ltKdjOMH