Vista Outdoor rejects MNC Capital's sweetened offer
) said on Monday it had rejected a sweetened bid for the company by investment firm MNC Capital, and that a private investment firm had offered to buy its sporting products unit for more than $2 billion.
The company has also fielded multiple takeover interests for itself and its sporting products unit, Kinetic Group, since October last year. The Prague-based CSG has been looking to widen its portfolio amid increasing demand for military equipment and ammunition demand ever since Russia's invasion of Ukraine.
The company also said the party, which is interested in acquiring Kinetic Group, is prepared to execute definitive agreements by June 14 and that its offer would"reasonably be expected to lead to a superior proposal."Scan QR code to install app
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