MNC Capital Committed to All-Cash $42 Per Share Offer and Willing to Make Tender Offer

Business Wire 22-Jul-2024 7:59 AM

MNC Committed to $42 Per Share Offer for Vista Outdoor

MNC Willing to Make Tender Offer Directly to Vista Shareholders

MNC Committed to Not Lowering $42 Price

MNC Capital Partners, L.P. ("MNC") announced today that it is committed to its fully financed $42 per share all cash offer for Vista Outdoor Inc (NYSE:VSTO), and that it will not reduce the $42 per share price.

MNC also said that it is willing to make a tender offer directly to Vista's shareholders at $42 a share, if Vista approves of MNC making the offer and allows shareholders to decide whether to accept it.

MNC's Mark Gottfredson said, "We want Vista shareholders to know that we are committed to our offer and will not reduce the $42 price. To demonstrate that commitment we are willing to make a tender offer, and hope that Vista would agree to our making the offer so shareholders can decide."

While Vista's approval would be needed for MNC to make a tender offer, Vista would not be required to recommend that shareholders tender.

Disclaimer

This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities. Any offers to purchase or solicitation of offers to sell Vista shares would be made only pursuant to a tender offer statement, which would be filed with the Securities and Exchange Commission. While MNC is willing to make a tender offer, it does not currently have any plans, and undertakes no obligation, to do so.

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