Vista Outdoor postpones shareholder meeting to vote again on CSG deal By Reuters

(Reuters) – Vista Outdoor (NYSE: ) has again postponed a special meeting of shareholders to vote on Czechoslovak Group’s (CSG) $2.15 billion offer for the company’s ammunition unit and a stake in its outdoor division.

The meeting, which was scheduled to take place on September 27, has been postponed to October 9, the company said on Tuesday.

The revised date would be the last possible before the deal with CSG ends on October 15, Vista said.

The company did not immediately respond to a request for further comment on why the meeting was delayed.

Vista postponed the meeting six times before Tuesday’s move as it submitted multiple offers since last October, when CSG first bid for the company’s munitions unit, a month after it decided to separate its two business segments.

Investment firm MNC Capital entered the fray in March with a $2.9 billion bid for the entire company, raising it to a final bid of more than $3.2 billion, or $43 a share.

Vista’s board rejected all of MNC’s offers, deeming them undervalued.

Earlier this month, Vista said CSG would also buy a 7.5 percent stake in sports equipment unit Revelyst for $150 million, while revising the deal for the ammunition unit to 2 .15 billion dollars.

The Board has consistently recommended that shareholders vote in favor of the CSG transaction.