Visitors look at firearms from Colt CZ Group at an exhibition in Villepinte near Paris, France.
Photo: sarah meyssonnier/ReutersFirearms manufacturer Colt CZ Group has made an unsolicited offer to acquire U.S. -based Vista Outdoor that values its equity at $1.74 billion, seeking to block the latter’s proposed merger with a Czech industrial technology company.
Colt has proposed a cash-and-stock merger with the sporting and outdoor-goods company that would value its shares at $30.00 each, Vista said late Wednesday.
Persons:
sarah meyssonnier, Colt, Vista
Organizations:
Colt CZ, Reuters, U.S
Locations:
Villepinte, Paris, France, Czech