Sept 24 Reuters Vista Outdoor has again delayed a special shareholder meeting to vote on Czechoslovak Group39;s CSG 2.15 billion offer for the firm39;s ammunition unit and a stake in its outdoor division.

The meeting, which was scheduled to take place on Sept. 27, has been delayed to Oct. 9, the company said on Tuesday.

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

Vista declined to comment on why the meeting was delayed.

The company had delayed the meeting six times before Tuesday39;s move as it fielded multiple offers since October last year, when CSG first bid for the company39;s ammunition 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 offer for the entire company, and raising it to a final offer of more than 3.2 billion, or 43 per share.

Vista39;s board has rejected all of MNC39;s offers, calling them undervalued.

Earlier this month, Vista said CSG would also buy a 7.5 stake in the sporting gear unit, Revelyst, for 150 million, while revising the deal for the ammunition unit to 2.15 billion.

The board has consistently recommended shareholders to vote in favor of the CSG transaction.

Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Sriraj Kalluvila

Source Reuters