Vista Outdoor Rejects Unsolicited Proposal to Buy Company

In a letter to Colt CZ, who made the proposal, Vista's interim CEO Gary McArthur said the offer would not be better for Vista's stockholders than the deal to sell the ammunition business to Czechoslovak Group.

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Vista Outdoor Receives Unsolicited Proposal to Buy Company

Firearm maker Colt CZ Group offered to buy the company for $30 per share, or $1.74 billion, which, if accepted, would scrap the deal announced earlier this year to sell Vista's sporting products business to Czechoslovak Group.