Vista Outdoor Investor TIG to Vote Against CSG Deal, Favors MNC

Vista Outdoor Inc. investor TIG Advisors LLCis planning to vote against the company’s deal to sell its ammunition business and support a separate takeover bid from MNC Capital.

TIG said in a statement Friday that MNC’s $3.2 billion all-cash bid for the entire company “appears to be a better alternative” than selling the Kinetic Group unit to Czechoslovak Group AS for $2.1 billion, a transaction that raised national security concerns about a sale to the Czech arms conglomerate.

“The MNC offer presents both maximum certainty of value and less execution risk,” TIG said. “We find it disturbing that ...