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ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO) today announced plans to report its second-quarter Fiscal 2025 financial results on Wednesday, Nov. 6, after the market closes. In light of the company's pending merger agreement with Czechoslovak Group a.s. to acquire The Kinetic Group, as well as its pending merger agreement with Strategic Value Partners to acquire Revelyst, as announced on Oct. 4, the company will not hold a conference call to discuss its second.
Vista Outdoor (VSTO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Shares of Vista Outdoor (VSTO, Financial) surged by 10.14% today, buoyed by the company's announcements of two significant business deals. Vista Outdoor has entered into an agreement to sell its Revelyst business to Strategic Value Partners for $1.125 billion, and it has amended its agreement with the Czechoslovak Group, raising the acquisition price for The Kinetic Group to $2.225 billion.
Vista Outdoor has announced a deal to sell its two divisions for $3.4 billion. It is set to sell Revelyst, its sporting goods business, for around $1.13 billion.
ANOKA, Minn. & GREENWICH, Conn.--(BUSINESS WIRE)--Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), and Strategic Value Partners, LLC, (together with its affiliates, “SVP” or the “firm”), a global alternative investment firm with approximately $19 billion of assets under management, today announced that they have entered into an agreement under which SVP-managed funds will.
ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSE: VSTO) today announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion (the “SVP Transaction”). In connection with the SVP Transaction, Vista Out.
Vista Outdoor on Friday agreed to sell itself in parts to two separate buyers for a total of $3.35 billion, including debt, after fending off a hostile suitor that pursued the sporting goods and ammunitions maker for months.
SAN DIEGO & IRVINE, Calif.--(BUSINESS WIRE)--Foresight Sports, a Revelyst brand and a designer and manufacturer of game enhancement technologies including launch monitors, simulators, performance/entertainment software and smart mobility solutions, and Uneekor, Inc. (dba Uneekor), a manufacturer of golf simulator technologies, have reached an agreement that grants Uneekor a license to a number of Foresight Sports patents related to portable golf launch monitor technology. Foresight Sports, a po.
Vista Outdoor has again delayed a special shareholder meeting to vote on Czechoslovak Group's (CSG) $2.15 billion offer for the firm's ammunition unit and a stake in its outdoor division.
PRAGUE--(BUSINESS WIRE)--Czechoslovak Group ("CSG" or the “Company”), a leading global industrial holding company, today reaffirmed its commitment to successfully completing the transaction with Vista Outdoor Inc. (NYSE: VSTO) ("Vista Outdoor") to acquire The Kinetic Group for $2.15 billion and invest $150 million in Revelyst (the “CSG Transaction”). CSG urges all Vista Outdoor stockholders to vote in favor of the CSG Transaction at Vista Outdoor's October 9th special meeting. CSG will not agre.