Vista Outdoor has received an unsolicited indication of interest from MNC Capital to acquire the shooting sports company for $35 per share.
Vista Outdoor said that its board of directors has not made any decision yet concerning the indication of interest, which it is currently reviewing.
The company behind the Bushnell and Camelbak brands previously announced that it had agreed to sell its sporting products business to Czechoslovak Group for an enterprise value of $1.91 billion.
The agreement remains in effect and the board has not changed its recommendation yet in support of the agreed sale.
Vista Outdoor’s outdoor product brands include Butler Creek, Camp Chef, Fiber Energy Products, and Foresight Sports.
Its sporting product brands include Alliant Powder, CCI, Estate Cartridge, and Hevi-Shot.