MNC Capital Submits Proposal to Acquire Vista Outdoor for $35.00 Per Share in Cash
We are writing to express our strong interest in acquiring all the outstanding shares of Vista Outdoor Inc. (“Vista” or the “Company”) for a purchase price per share of $35.00 in cash (the “Transaction”).
- We are writing to express our strong interest in acquiring all the outstanding shares of Vista Outdoor Inc. (“Vista” or the “Company”) for a purchase price per share of $35.00 in cash (the “Transaction”).
- The proposed price offers a substantial premium to Vista’s share price, which already reflects a takeover premium.
- Given Vista’s share price is currently trading close to its 52-week high, our proposal also reflects a highly attractive value overall to Vista’s shareholders.
- The Board is currently reviewing the proposal consistent with its fiduciary duties, in consultation with our legal and financial advisors.