MNC Capital Delivers Financing Commitments and Merger Agreement as Requested by Vista Outdoor
July 01 2024 - 7:23AM
Business Wire
MNC Capital Partners, L.P. (“MNC”) today announced that, as
requested by Vista Outdoor, Inc. (NYSE: VSTO) (“Vista”), it has
delivered a Merger Agreement it is prepared to sign for its $42 per
share all cash proposal, as well as commitment letters with respect
to the proposed debt and equity financing for such proposal – the
total for such commitments is the approximately $3.2 billion needed
to finance the transaction.
MNC wrote to Vista: “Given our firm position on not raising the
$42 per share price in our proposal, it is clear that Vista Outdoor
would not have requested that we provide the Merger Agreement and
Financing Commitments unless it was prepared to accept that price.
We look forward to expeditiously signing a definitive merger
agreement at $42 per share in cash.”
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Media: Michael Landau / Lauren Odell, Gladstone Place
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