Vista Outdoor Rejects Unsolicited Indication Of Interest From MNC Capital Of $35/share In Cash

RTTNews | 245 วันที่ผ่านมา
Vista Outdoor Rejects Unsolicited Indication Of Interest From MNC Capital Of $35/share In Cash

(RTTNews) - Vista Outdoor Inc. (VSTO) announced Monday that its Board of Directors, following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital.

MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share. The Vista Outdoor Board also issued a letter to MNC stating the rejection.

The Vista Outdoor Board continues to recommend the acquisition of the Sporting Products business by Czechoslovak Group a.s. It also remains committed to the strategy of standing up the Outdoor Products business as a standalone public company to drive the greatest value for our stockholders.

The acquisition of the Sporting Products business by Czechoslovak is expected to close in calendar year 2024, subject to approval of Vista Outdoor's stockholders, receipt of necessary regulatory approvals and other customary closing conditions.

แท็ก : VSTO
read more
Czechoslovak Group Raises Base Purchase Price For Kinetic Group By $40 Mln To $2 Bln

Czechoslovak Group Raises Base Purchase Price For Kinetic Group By $40 Mln To $2 Bln

Vista Outdoor Inc. (VSTO) announced Monday that it entered into an amendment to the merger agreement with Czechoslovak Group a.s., whereby Czechoslovak Group raised its offer for the base purchase price payable for the acquisition of The Kinetic Group business by $40 million to $2 billion from $1.96 billion.
RTTNews | 133 วันที่ผ่านมา
Vista Outdoor Says It Expects MNC Capital To Sweeten Offer Price

Vista Outdoor Says It Expects MNC Capital To Sweeten Offer Price

Vista Outdoor Inc. (VSTO) said Monday it is engaging in discussions with MNC Capital related to its March 25, 2024 unsolicited indication of interest pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share.
RTTNews | 196 วันที่ผ่านมา
Canadian Dollar Advances As Oil Prices Gain

Canadian Dollar Advances As Oil Prices Gain

The Canadian dollar climbed against its major counterparts in the New York session on Monday, as oil prices rose after OPEC+ agreed to push back its December production increase by at least a month, prioritizing price support over regaining market share.
RTTNews | 5 ชม. 4 นาทีที่ผ่านมา
European Stocks Close Broadly Lower After Cautious Session

European Stocks Close Broadly Lower After Cautious Session

European stocks closed broadly lower on Monday, as investors largely stayed cautious and refrained from making big moves ahead of U.S. Presidential election, and the Federal Reserve's monetary policy announcement, due on Tuesday and Wednesday, respectively.
RTTNews | 5 ชม. 9 นาทีที่ผ่านมา
Eurozone Investor Sentiment Improves For Second Month - Sentix

Eurozone Investor Sentiment Improves For Second Month - Sentix

Investor confidence in the euro area strengthened for a second straight month in November amid a modest improvement in the economic data from Germany and optimism about the outcome of the presidential election in the U.S., while markets continue to look for some solid stimulus news from China, results of the closely watched Sentix survey showed on Monday.
RTTNews | 6 ชม. 52 นาทีที่ผ่านมา
U.S. Factory Orders Decrease In Line With Estimates In September

U.S. Factory Orders Decrease In Line With Estimates In September

New orders for U.S. manufactured goods declined in line with economist estimates in the month of September, according to a report released by the Commerce Department on Monday. The Commerce Department said factory orders fell by 0.5 percent in September, matching expectations.
RTTNews | 7 ชม. 36 นาทีที่ผ่านมา
Dollar Index Edges Up As Markets Eye Vote And Fed

Dollar Index Edges Up As Markets Eye Vote And Fed

Currency market movements during the week ended November 1 were dominated by uncertainty surrounding the U.S. Presidential election as well as the Fed's impending interest rate review.
RTTNews | 10 ชม. 24 นาทีที่ผ่านมา
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

The Canadian market is likely to open on a firm note Monday morning with energy stocks finding support on rising crude oil prices. With U.S. presidential election happening on Tuesday and the Federal Reserve's monetary policy announcement due on Wednesday, the mood in the market is likely to be a bit cautious.
RTTNews | 10 ชม. 55 นาทีที่ผ่านมา