Vista Outdoor exploring alternative options instead of selling ammunition arm to foreign company

Core Viewpoint - Vista Outdoor is exploring strategic alternatives after significant shareholder opposition to the sale of its ammunition division to Czechoslovak Group (CSG) [1] Group 1: Shareholder Reactions - Two of Vista's largest shareholders, Gates Capital Management and GAMCO Asset Management, publicly opposed the sale while supporting MNC Capital Management's all-cash offer of $3.2 billion for The Kinetic Group and its outdoor branch Revelyst [2] - GAMCO described MNC Capital's fully financed $42 per share all-cash offer as superior to the proposed sale to CSG and urged Vista's board to reconsider its position [3] Group 2: Company Actions - Vista is considering re-engaging in talks with MNC Capital in hopes of securing a larger proposal, as MNC has indicated a willingness to increase its offer [3] - The company decided to adjourn its shareholder meeting until September 13, marking the sixth adjournment this year, while asserting its commitment to act in the best interests of the company and its stockholders [4]