"MNC Capital Raises Acquisition Offer to $3 Billion for Vista Outdoor, Prompting Stock Surge"
Investment firm MNC Capital has increased its bid for Vista Outdoor, the owner of Remington ammunition, to $3 billion, raising concerns about national security due to a rival bidder, Czechoslovak Group. MNC's offer of $37.50 per share is 16% higher than Vista's stock closing price, and it has lined up financing for the offer. Vista rejected MNC's previous offer, preferring a planned breakup, but MNC argues that its new offer assigns more value to the nonfirearm division, Revelyst. The Czechoslovak Group's bid is under review by the Committee on Foreign Investment in the United States, while MNC, as an American firm, is not subject to such a review.