MNC Capital Raises Bid for Vista Outdoor to $3 Billion Amid Review of Rival's Deal
• MNC Capital raised its takeover bid for Vista Outdoor, the ammunition maker, to $3 billion amid national security concerns over rival bidder Czechoslovak Group • The new offer of $37.50 per share is 16% higher than Vista's recent stock price as MNC tries to win over shareholders • MNC argues its bid assigns a higher value to Vista's non-firearms business Revelyst than Vista's planned sale of its ammunition unit to CSG • CSG's $1.9 billion deal for Vista's ammo brands like Remington is under review by the Committee on Foreign Investment due to overseas ownership • As a U.S. firm, MNC says its bid isn't subject to the same national security review, hoping that helps sway Vista's board and shareholders