EXEC: Vista Outdoor Fields $2.9 Bn Offer to Acquire Company in All-Cash Deal

March 1, 2024

The Remington and Federal ammunition businesses, among others, have reportedly received an unsolicited interest from MNC Capital Partners, indicating that MNC would be interested in acquiring Vista Outdoor in an all-cash transaction for $35.00 per share. 

Before the March 1 release of the information by MNC on the morning of March 1, VSTO shares were trading down overnight at $30.42 on the New York Stock Exchange. Shares jumped to nearly $35.00 but settled back down to under $33.00 for most of that day.

MNC said it made its first overture to acquire Vista Outdoor on February 19, 2024. The offer came a few weeks after Visata announced that it would close offices in Petaluma, CA; Overland Park, KS; Eagle, CO; and Madison, MS and consolidate teams across core locations. SGB