Why Is Vista Outdoor Stock Rising Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2024
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Source: Benzinga
- Vista Outdoor Inc. Acquisition Offer: MNC Capital Partners, L.P. has increased its all-cash offer to acquire Vista Outdoor to $42.00 per share, totaling approximately $3.2 billion, with a 40% premium to the last closing price before the initial offer.
- Stock Performance: VSTO shares are trading higher by 9.03% to $36.83 premarket following the revised proposal.
- Investor Information: VSTO stock has gained over 23% in the past year, and investors can access it through VictoryShares Small Cap Free Cash Flow ETF SFLO.
- Revised Proposal Details: MNC raised its June 6, 2024 proposal from $39.50 to $42.00 per share, stating no further increases are intended.
- Expectations and Timeline: MNC expects the Vista Board to promptly sign a merger agreement on the proposed terms, aiming for a definitive agreement within days.
Analyst Views on SFLO
Wall Street analysts forecast SFLO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SFLO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
