Colt CZ Group Bids for Vista Outdoor
The Czech-based gunmaker has proposed a business combination that would value VSTO at $30 per share, or over $1.7 billion, and include both ammunition and outdoor products segments, while retaining the company’s public listing on the NYSE. The offer poses an interesting alternative to Czechoslovak Group’s bid last month to buy Vista’s ammunition business for $1.91 billion in cash, but leave outdoor products behind as a public company. The proposal to split the businesses was met with some skepticism from the market, which has sent VSTO shares down by nearly a ... Log in to view full article.