Vista Outdoor Confirms Receipt of Revised Indication of Interest from MNC Capital
On March 4, 2024, the Vista Outdoor Board of Directors (the “Vista Outdoor Board”) rejected an unsolicited indication of interest received on February 19, 2024 from MNC pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista Outdoor share (the “Initial MNC Indication”).
- On March 4, 2024, the Vista Outdoor Board of Directors (the “Vista Outdoor Board”) rejected an unsolicited indication of interest received on February 19, 2024 from MNC pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista Outdoor share (the “Initial MNC Indication”).
- The Vista Outdoor Board carefully reviewed and considered the Initial MNC Indication in consultation with its outside legal and financial advisors.
- Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.
- Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.