Vista Outdoor on Monday rejected investment firm MNC Capital's final buyout offer of $3.2 billion, citing that it undervalued the company, and said it had agreed to an increased bid for its ...

Vista has now turned down two offers since the firm entered into a definitive agreement to sell its Sporting Products division to Czechoslovak Group (CSG) on Oct. 1 for $1.91 billion.

Vista Outdoor has rejected MNC Capital Partners’ $2.9 billion buyout offer, saying the proposal undervalues the maker of the ammunition and outdoors equipment.

Vista Outdoor (NYSE: VSTO) fell in early trading on Monday after the sporting goods retailer announced that its board rejected an unsolicited acquisition offer from MNC Capital at $35.00 per share.

Shares of Vista Outdoor fell $1, or nearly 3%, to close Tuesday at $33.90. Shares have traded as low as $23.33 and as high as $36.37 over the past year.

Vista said Colt CZ's offer did not take into account the value created by splitting the outdoor and sporting divisions, and the valuation of $30 a share in the proposal undervalued the company.

Vista fell 1.2%. Vista (VSTO) said the "purported" $30 a share offer "significantly undervalues" the company, according to a letter Vista sent to Colt CEO Jan Drahota on Wednesday.

Vista Outdoor Inc. (NASDAQ: VSTO) late Wednesday said its board has turned down an unsolicited merger offer from Colt CZ Group, the maker of Colt firearms. Instead, the Anoka, Minnesota-based ...

Vista Outdoor Inc. rejected a $2 billion takeover offer from MNC Capital, saying that a separate offer from Czechoslovak Group to buy its ammunition products business is more favorable to ...