VSTO Stock Recent News

Vista Outdoor Inc. VSTO, +0.60% announced a review of its strategic alternatives early Tuesday and said its options include a potential sale of Revelyst, the unit houses the company's outdoor-products business of golfing, fishing equipment and branded biking. The Czechoslovak Group, or CSG, is also considering an acquisition of Revelyst in addition to its proposed plan to buy The Kinetic Group, which houses Vista's ammunition business.

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor Inc. announced that its Board of Directors has commenced a review of strategic alternatives.

Vista Outdoor (VSTO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Reiterates Intention to Vote AGAINST the CSG Proposal Recently Released Financial Results from Vista Make It Clear That Selling the Entire Company Provides Shareholders a Better Return Than Divesting The Kinetic Group NEW YORK, July 26, 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 stated its belief that the $42 all-cash offer for Vista from MNC Capital Partners, L.P. ("MNC") is superior to the proposed sale of The Kinetic Group to Czechoslovak Group a.s.

CSG's Fully Financed Bid Provides Vista Outdoor Shareholders Certainty and Opportunity to Realize Superior Value Vista Outdoor Shareholders Can Vote FOR the CSG Transaction at Special Meeting of Stockholders on July 30, 2024 PRAGUE , July 23, 2024 /PRNewswire/ -- Czechoslovak Group ("CSG"), a leading global industrial holding company, which recently increased its offer for Vista Outdoor Inc.'s (NYSE: VSTO) ("Vista Outdoor") The Kinetic Group to $2.15 billion, today reaffirmed its strong commitment to successfully completing the acquisition. CSG believes its fully financed bid maximizes the value that will be received by Vista Outdoor shareholders, and that the transaction can be completed in early August.

Shares of Vista Outdoor (VSTO) rose Monday after the manufacturer and marketer of sporting and outdoor items said it supported an increased offer from Prague-based defense company Czechoslovak Group (CSG) for its Kinetic Group ammunition division.

Vista Outdoor said on Monday Czechoslovak Group had raised the base purchase price for a proposed acquisition of its ammunition business, Kinetic Group, by $50 million to $2.15 billion.

NEW YORK, July 19, 2024 /PRNewswire/ -- Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO), today reiterated its opposition to the pending sale of The Kinetic Group to Czechoslovak Group a.s. ("CSG") in a letter sent to the Vista Board of Directors.

Proxy advisory firm Glass Lewis has recommended Vista Outdoor shareholders to vote in favor of the proposed merger of the company's ammunition unit with Czechoslovak Group (CSG), in a report seen by Reuters on Thursday.

ANOKA, Minn.--(BUSINESS WIRE)---- $VSTO #bettertogether--Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSE: VSTO) today issued the following statement in response to claims made by MNC Capital (“MNC”) and an updated report issued by Institutional Shareholders Services (“ISS”) relating to the sale of The Kinetic Group business to Czechoslovak Group a.s. (“CSG”): Contrary to MNC's Claims, Vista Outdoor's Current Share Price Does Not Reflect the Value Expected to Be Unlocked From A Standalone Publicly Traded Reve.