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InsideArbitrage Potential Deal Alert: Vista Outdoor (VSTO) Announces Receipt of Unsolicited Proposal from Colt CZ

  • November 23, 2023


StockVista OutdoorSymbolVSTO
Date Announced11/22/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Colt CZ

Firearms manufacturer Colt CZ Group has made an unsolicited offer to acquire Vista Outdoor (VSTO) that values its equity at $1.74 billion, seeking to block the latter’s proposed merger with a Czech industrial technology company.

Colt has proposed a cash-and-stock merger with the sporting and outdoor-goods company that would value its shares at $30 each, Vista said.

Letter Colt wrote to Vista’s board 

Press Release

Vista Outdoor Investor Relations


November 29, 2023: Vista Outdoor (VSTO) rejected a cash-and-stock merger offer from Colt CZ Group (CZG.PR), saying it undervalued the company and was not better for shareholders than a rival bid.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.