Camp Chef Parent Rejects MNC Capital Takeover Offer, CSG Ups Theirs

For a second time Camp Chef’s parent company, Vista Outdoor, has rejected MNC Capital’s unsolicited takeover offer. Vista had provided non-public information recently to MNC in an effort to receive an increased effort, but it proved unsuccessful.

After careful review with our financial and legal advisors and deliberation, the Board determined that the transaction contemplated by MNC’s indication of interest significantly undervalues the Company. Despite engaging with representatives of MNC over the past month, including by providing substantial non-public information under a non-disclosure agreement, we have not received an improved economic proposal or committed financing. We take our fiduciary responsibilities seriously and do not believe that the transaction contemplated by MNC’s indication of interest is in the best interest of our stockholders.