VSTO Stock Recent News

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today announced that it will adjourn the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”) to 9:00 am (Central Time) on October 9, 2024. The Company remains in active discussions with CSG and the private equity firm partnered with MNC Capital (the “Private Equity Firm”), separate and apart from MNC, to potentially reach an.

Remains Committed to Supporting the Best Outcome for All Vista Shareholders  Encourages Vista to Negotiate an All-Cash Transaction for the Entire Company Given Fully-Taxable Nature of CSG Proposal as well as the Execution Risk in Achieving Revelyst Projections and the Reduced Scale of the Remaining Revelyst NEW YORK , Sept. 24, 2024 /PRNewswire/ -- Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares of common stock, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO), today issued a statement encouraging Vista to finalize negotiations for an all-cash offer for the Company and reiterating its intention to vote AGAINST the proposed sale of The Kinetic Group to the Czechoslovak Group a.s.

DALLAS--(BUSINESS WIRE)--MNC Capital Partners, L.P. (“MNC”) announced today that it is not withdrawing, and does not intend to reduce, its $43 per share all-cash offer for Vista Outdoor Inc. (NYSE: VSTO). MNC is committed to re-engaging with Vista on the acquisition of the entire company. MNC also said that the private equity firm that has been part of its efforts to acquire all of Vista (“PE Firm") is still committed to acquiring Revelyst in any MNC transaction supported by Vista in the future.

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today announced that its Board of Directors sent a letter to stockholders urging them to vote “FOR” the value maximizing transaction with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group and invest in Revelyst at the September 27th special meeting of stockholders. The full text of the letter sent to stockholders follows: Dear Vista Outdoor Stockholders, The September 27th special meeting.

ANOKA, Minn.--(BUSINESS WIRE)--Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today issued the following statement from the Company's Chairman of the Board, Michael Callahan: We are committed to continuing to explore all opportunities to maximize the value of Revelyst, including a potential sale. Since September 15th, we have been in active dialogue with the private equity firm partnered with MNC Capital, separate and apart from MNC, and are committed to considering any offers.

Vista Outdoor Inc. (NYSE:VSTO ) Q1 2025 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Tyler Lindwall - Vice President of Corporate Development, IR and FP&A Eric Nyman - Co-Chief Executive Officer, Vista Outdoor; Chief Executive Officer, Revelyst Jason Vanderbrink - Co-Chief Executive Officer, Vista Outdoor; Chief Executive Officer, The Kinetic Group Andrew Keegan - Chief Financial Officer, Revelyst Conference Call Participants Anna Glaessgen - B. Riley Matt Koranda - Roth Capital Mark Smith - Lake Street Capital Markets Jim Chartier - Monness, Crespi & Hardt Operator Hello, and welcome to the First Quarter Fiscal Year 2025 Vista Outdoor Earnings Conference Call.

Vista Outdoor (VSTO) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.12 per share a year ago.

Among the options Vista is reviewing before the next shareholder meeting is to re-engage in talks with MNC in hopes of landing a larger proposal from the venture capital group.

On July 30, 2024, Vista Outdoor (NYSE: $40.80; Market Capitalization: $2.38 billion) announced that its board of directors has begun reviewing strategic alternatives and is now open to selling its outdoor sporting gear business – Revelyst. The Czechoslovak Group (“CSG”) is exploring the acquisition option in addition to its proposed acquisition of The Kinetic Group.

Vista Outdoor (VSTO) shares surged in premarket trading Tuesday after the company said it would undergo a "review of strategic alternatives" to consider its options amid a monthslong bidding war between The Czechoslovak Group (CSG) and private-equity backed offers from MNC Capital.