(Reuters) – Vista Outdoor (NYSE: ) has also delayed a special shareholder meeting to vote on Czechoslovak Group's ( CSG ) $2.15 billion offer for the firm's grain division and a stake in its outdoor division.
The meeting, which was supposed to take place on September 27, has been postponed to October 9, the company said on Tuesday.
The revised date will be the last to happen before the contract with CSG expires on October 15, Vista said.
The company did not immediately respond to a request for further comment on why the meeting was delayed.
Vista had delayed the meeting six times before Tuesday's departure as it had several offers since October of last year, when CSG first applied for the company's grain division, a month after it decided to separate its two business units.
Investment firm MNC Capital entered the fray in March with a company-wide offer of $2.9 billion, and raised it to a final deal of more than $3.2 billion, or $43 per share.
Vista's board rejected all the MNC's requests, calling them frivolous.
Earlier this month, Vista said CSG would also buy a 7.5% stake in sports gear division Revelyst for $150 million, while revising the ammunition division's deal to $2.15 billion.
The Board continues to recommend shareholders to vote in favor of the CSG transaction.
