Vista Outdoor announced that the company entered into an amendment to the merger agreement with the Czechoslovak Group, which increases the purchase price payable by CSG for the acquisition of The Kinetic Group business by $100M to $2.1B. The amendment also increases the cash consideration payable to Vista Outdoor stockholders by $3.00 per share of Vista Outdoor common stock to $21.00 in cash. The Vista Outdoor Board of Directors has been steadfast and singularly focused on maximizing value for Vista Outdoor’s stockholders. Vista Outdoor is fully committed to the CSG Transaction and the Board unanimously reaffirms its recommendation that its stockholders vote in favor of the CSG Transaction.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSTO:
- Vista Outdoor confirms receipt of additional information from MNC Capital
- M&A News: VSTO Receives Improved $3.2B Offer From MNC Capital
- Vista Outdoor should react positively to cleared TKG deal, says Roth MKM
- Vista Outdoor jumps 11% to $37.50 after MNC raises offer to $42 per share
- MNC Capital raises all-cash offer to acquire Vista Outdoor to $42 per share
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue