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Vista Outdoor said it received an all-cash $2bn takeover offer for its ammunition business, which owns the Remington brand, from an unnamed private investment firm in the US, raising the prospect of a multiway battle for the unit.
Vista said on Monday it had fielded an indication of interest for its Kinetic business from the “alternative party” on June 7, and separately said it had rejected an improved proposal last week from investment group MNC Capital Partners to acquire the entire company for more than $3bn.
Shares in Vista, which has a market value of $2.1bn, traded up marginally in early Monday trading at $35.99. MNC’s latest offer for the group was pitched at $39.50 per share.
Both Monday’s offer and the MNC bid come as Vista is in talks to sell…
