Camp Chef Parent Wants More Money From MNC Capital for Acquisition

Unlike MNC Capital’s first unsolicited acquisition offer for Vista Outdoor that was quickly dismissed, their updated offer has received more consideration. Some time has passed and the Camp Chef parent company responded today saying that they want more money.

The Vista Outdoor Board does not consider MNC’s revised proposal to be superior to the transaction with CSG and continues to believe MNC’s proposed offer price undervalues the Revelyst business. That said, the Board has determined MNC’s revised proposal meets the standard under the merger agreement with CSG permitting engagement with MNC. Accordingly, the Board has authorized Vista management to provide MNC with non-public information so MNC can increase its offer price. The Board remains committed to acting in the best interest of Vista Outdoor and its stockholders