The Czechoslovak Group (CSG) has raised its offer to acquire Vista Outdoor's Kinetic Group ammunition unit to $2 billion, up from a previous bid of $1.96 billion. This move aims to secure the deal and fend off competing takeover bids. The acquisition has received approval from the US government committee and CFIUS clearance, though it faces scrutiny over national security and market concentration concerns. The deal includes assets such as Federal and Remington. Additionally, MNC Capital has increased its all-cash offer to acquire Vista Outdoor to $42 per share, totaling approximately $3.2 billion.
$VSTO (+9.5% pre) MNC Capital Raises Offer for Vista Outdoor (VSTO) to $42/sh https://t.co/bQp9fjeb7A
MNC Capital offers $42/share for $VSTO after CSG calls Czechmate. Only one thought ... https://t.co/vkRyMcIk85
MNC Capital raises all-cash offer for Vista Outdoor to $42 a share, or about $3.2 billion https://t.co/cZG09TAjwM