VSTO’s deal to sell its ammunition business to Czechoslovak Group has still not received CFIUS approval, and the company has now engaged with investment firm MNC Capital as a back-up plan. As the CSG deal to buy VSTO’s Kinetic Group for $1.91 billion moved forward, MNC swooped in last month with an offer to buy the whole company, including the Revelyst outdoor products division, for $35.00 per share. When that offer was rejected, MNC quickly bumped its bid to $37.50 per share, or about $3 billion.

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