Latest Offer for Vista Outdoor Allegedly Blocked by MNC Capital

Last week Vista Outdoor, Camp Chef’s parent company, rejected MNC Capital’s latest acquisition offer and announced another $2 billion offer for their Kinetic Group. Just one week later, Vista Outdoor has announced that the new offer is purportedly being blocked by MNC Capital.

The Company has learned that MNC has alleged that the alternative party violated certain contractual agreements between the alternative party and MNC that purportedly restricted the alternative party’s ability to submit an offer for the Kinetic Group. Vista Outdoor only became aware of these agreements last week and understands they were entered into in connection with MNC’s and the alternative party’s consideration of a joint bid for The Kinetic Group as part of the prior sales process for that business in 2023. Vista Outdoor understands that the alternative party disputes the merits of MNC’s allegations.