MNC Capital has raised its offer for Vista Outdoor to $3B, DealBook’s Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni report. MNC is offering $37.50 a share for Vista, up from $35 last month and 16% higher than where Vista’s stock closed on Friday. MNC has lined up financing for its offer, according to a letter to Vista’s board reviewed by DealBook.
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- Vista Outdoor rejects unsolicited indication of interest from MNC Capital
- Vista Outdoor board ‘carefully reviewing’ MNC indication of interest
- MNC Capital submits proposal to acquire Vista Outdoor for $35.00 per share cash
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- Vista Outdoor management to meet with Roth MKM
