Vista Outdoor Rejects Colt CZ Business Combination Proposal

Camp Chef’s parent company, Vista Outdoor, has rejected an unsolicited proposal to merge with Colt CZ for $30 a share. Instead, they plan to continue forward with their plan to sell their Sporting Products business to Czechoslovak Group and keep their Outdoor Products division public.

Vista Outdoor’s board consulted with financial advisors and outside legal counsel and reached the determination that the merger proposal wouldn’t be more favorable to Vista stockholders.