Vista Outdoor receives $2 billion approach for ammunition unit from investment firm

Vista Outdoor said it has received an all-cash $2 billion offer for its ammunition business, which owns the Remington brand, from an unnamed private equity firm in the US. The US, will likely set up a multilateral battle to buy back this corporation.

Vista Outdoor said Monday that it received an indication of interest in its Kinetic unit from an “alternative party” on June 7, and separately said it rejected a proposal for improvements last week from investment group MNC Capital Partners. buy back the entire company for more than 3 billion USD.

MNC sought to beat the Czechoslovak Group, which was in talks to acquire Vista’s Kinetic business for $1.9 billion. Vista plans to list its outdoor products business, which includes the Giro bike helmet brand and CamelBak water bottles, as an independent company.

Vista said company directors continued to request a deal from CSG, but did not specify whether they would accept an offer from an “alternative party.”