Camp Chef Parent Rejects Takeover Bid From Investment Firm

Camp Chef’s parent company, Vista Outdoor, has rejected an unsolicited buyout offer for $2.9 billion from MNC Capital. Instead, they’ll continue on their current course of selling their Sporting Products business and taking their Outdoor Products business (known as Revelyst and where Camp Chef sits) public.

The Vista Outdoor Board said that rejecting the offer and continuing their plan would drive the greatest value for their stockholders. Given Revelyst’s growth plans and where it is in recovering from the drop after the pandemic fueled pull-forward, they believe the takeover offer undervalues the business.