Camp Chef Parent Gets Unsolicited Merger Offer From Colt CZ

It’s an exciting time for Camp Chef’s parent company, Vista Outdoor. They had originally planned to split their brands into two public companies this fall, then they announced a plan to sell their Sporting Products division next year to the Czechoslovak Group. They may have another curve ball to deal with because they received an unsolicited offer for the company from Colt CZ.

The proposal would mean that Vista Outdoor wouldn’t split, and instead would merge with Colt CZ. The proposal was for $30 per share, which is at a premium of where Vista Outdoor (NYSE: VSTO) has been trading, but under their September high.