Sporting-Goods Maker Vista Outdoor Gets $2.9 Billion Takeover Offer
Vista Outdoor is a leading global designer, manufacturer, and marketer of outdoor recreation products.
Outdoor recreation platform Vista Outdoor received a $2.9 billion takeover offer from PE firm MNC Capital Partners at $35 per share, which it reviewed and ultimately turned down. Vista Outdoor would agree to a deal in which it divided itself in two, selling its ammunition business, The Kinetic Group, to Czechoslovak Group (CSG) for $2.2 billion. Its performance gear brand, Revelyst, was sold to Strategic Value Partners for a reported $1.1 billion.
WSJ: Sporting-Goods Maker Vista Outdoor Gets $2.9 Billion Takeover Offer