US sports and outdoor products maker Vista Outdoor Inc. (NYSE:VSTO) said on June 10, 2024 that it has rebuffed local investment firm MNC Capital Partners, L.P.'s latest takeover offer for its entire business, valuing it at over USD 3 billion (EUR 2.79 billion). The takeover target's board has determined that the proposal of USD 39.50 per share is not superior to its USD-1.96-billion amended deal, sealed in May, to sell its sporting products arm to Czech industrial technology holding company Czechoslovak Group, or CSG, according to the statement. Vista Outdoor also said that it has received an offer of USD 2.01 billion in cash for its sporting products unit from a US private investment firm, which has expressed readiness to execute definitive agreements by June 14.

Vista Outdoor noted that the offer "meets the standard for engagement" under the deal with CSG. Yet, it reiterated its commitment to its deal with CSG.