Pressure Mounts on Vista Outdoor to Consider Acquisition Offer

July 15, 2024

A large investor in Vista Outdoor and a shareholder advisory firm have publicly come out against Vista’s plan to sell its ammo business and turn the remaining outdoor division into a standalone, publicly traded company.

TIG Advisors, an institutional investor with 532,000 shares of Vista Outdoor, announced that it plans to vote against the pending sale of Vista’s ammo business to Czechoslovak Group (CSG).

Instead, TIG said it favors the outright sale of all of Vista Outdoor to MNC Capital, which is offering to buy Vista for $42 per share. MNC wants to keep the company intact and take it private. The Daily Outdoor Retailer