Firearms 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.
Colt is a well-known maker of pistols, revolvers and rifles.
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