An unknown buyer sent an offer to acquire Vista Outdoor Inc. (NYSE:VSTO) for $2 billion on June 7, 2024. The alternative party stated that it would commit to fully supporting the purchase price and is prepared to execute definitive agreements no later than June 14, 2024. Morgan Stanley & Co.

LLC acted financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP acted as legal adviser to Vista Outdoor. Moelis & Company LLC acted as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP acted as legal adviser to the independent directors of Vista Outdoor.