MNC Capital Increases Takeover Offer for Camp Chef Parent Company

MNC Capital has made a revised offer to acquire Camp Chef’s parent company, Vista Outdoor. The new offer values Vista Outdoor at $37.50 per share, or approximately $3.0 billion, which is about $100 million more than their previous offer.

Previously, Vista Outdoor rejected MNC’s offer because they didn’t feel it fairly valued their Outdoor Products division. Vista also objected because they didn’t receive a commitment letter showing that MNC has access to the $1.4 million in debt they planned to use to help finance the deal.