Vista Outdoor received an amended acquisition proposal for The Kinetic Group from Czechoslovak Group (CSG), raising its offer to $2.15 billion.

Moreover, following Revelyst’s capital allocation strategy, Vista Outdoor has determined that an additional $125 million in cash should be returned to its stockholders as cash consideration.

Under the amended proposal, Vista Outdoor shareholders will receive $24 per share in cash and one share of Revelyst common stock.

Vista Outdoor said it is confident that the new offer maximizes value for its shareholders and is superior to MNC Capital’s offer of $42 per share.

“We are pleased that CSG has increased its purchase price for The Kinetic Group, underscoring their continued commitment to the transaction and the underlying value they see in our business,” said Michael Callahan, chairman of the board of directors at Vista Outdoor.

“We urge stockholders to vote for the CSG Transaction, which delivers clear, compelling value and the ability to close in early August.”