All Vista Outdoor articles – Page 2
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News briefs
Vista Outdoor reviews MNC’s offer after receiving additional information
Vista Outdoor has officially confirmed receipt of additional information requested from Canadian MNC Capital to review a revised expression of interest from MNC expressing its final desire to acquire Vista Outdoor in an all-cash transaction for $42.00 per share. The Vista Outdoor Board is now carefully considering the additional information ...
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News briefs
Vista considers MNC’s new offer, postpones CSG vote
After Montréal-based MNC Capital raised its offer for all of Vista Outdoor to $3.2 billion, the group’s Board postponed the July 2 special meeting of shareholders to vote on the sale of The Kinetic Group to Czechoslovak Group (CSG) until July 23. The Board said it would consider MNC’s offer ...
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Article
Tug-of-war over Vista and Kinetic Group continues
While Vista Outdoor announced on June 25, after a long wait, that the Committee on Foreign Investment in the United States (CFIUS) has finally approved the proposed acquisition of Vista Outdoor’s The Kinetic Group division by Czechoslovak Group a.s. (CSG), Montréal-based MNC Capital Partners has once again stepped up its ...
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Article
Reaction to ISS disapproval: CSG increases offer for The Kinetic Group
After the US proxy advisory firm Institutional Shareholder Services (ISS) recommended that Vista Outdoor shareholders abstain from voting on the Czechoslovak Group’s (CSG) offer for Vista Outdoor’s The Kinetic Group ammunition business, the Czech prospective buyer has now increased its purchase offer by $40 million from $1.96 billion to $2 ...
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News briefs
Advisory firm withdraws recommendation for The Kinetic Group/CSG deal
US proxy advisory firm Institutional Shareholder Services (ISS) has surprisingly recommended that Vista Outdoor shareholders abstain from voting on Czechoslovak Group’s (CSG) $1.96 billion bid for The Kinetic Group’s ammunition business. ISS has thus updated its analysis after initially recommending that the deal be approved. The transaction is to be ...
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Article
Vista rejects MNC offer, receives new indication of interest in ammo business
The sale and spin-off plans at Vista Outdoor remain in a state of suspense. The group announced that its Board of Directors, after consultation with its financial and legal advisors, has rejected MNC Capital’s unsolicited expression of interest dated June 6, 2024, in which MNC expressed an interest in acquiring ...
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Article
Vista rejects offer from MNC, decides to partially sell to CSG
Vista Outdoor announced that the Board has again rejected an unsolicited offer from Montréal-based MNC Capital dated March 25, 2024, in which MNC expressed an interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share. Michael Callahan, Chairman of the Board, commented that the Board determined ...
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Article
Vista Outdoor weighs buyout offer, reports Q4 results
The board of Vista Outdoor continues to recommend the sale of its The Kinetic Group to Czech group CSG, which would pay shareholders $12.90 a share in cash and one share in its Revelyst spin-off. However, the company will conduct a special meeting on June 14 to consider another buyout ...
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Article
Revelyst sells ammunition brand
Revelyst, a Vista Outdoor Inc. company, has announced the sale of RCBS, the company’s reloading brand based in Oroville, California, to Hodgdon Powder Co. Inc, a Shawnee, Kansas-based supplier of smokeless propellants and black powder substitutes. RCBS is a leading manufacturer of ammunition reloading devices for hunters, competitive shooters and ...
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News briefs
Revelyst reschedules investor day to early fall
Revelyst, the outdoor segment of Vista Outdoor Inc., has announced that the company will postpone its investor day. The change comes in light of the Vista Outdoor Board of Directors’ recent decision to postpone the date of its planned shareholder vote in connection with its third-party investment in the company. ...
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Article
Revelyst hires supply chain and operations executive
Source: Revelyst Joe Beck While Vista Outdoor is still working to shape its future in the best interests of its shareholders, Revelyst, the former outdoor products segment of Vista Outdoor Inc., has announced the appointment of Joe Beck as its first Chief Supply Chain Officer, effective 22 ...
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Article
Vista Outdoor leaves option open to sell to MNC for higher price
The uncertainty surrounding the future of Vista Outdoor, respectively Revelyst and The Kinetic Group, continues as the company officially confirmed on April 22 that it has resumed negotiations with Montréal-based MNC Capital in connection with the unsolicited expression of interest dated March 25, 2024, in which MNC indicated it was ...
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Article
CSG’s acquisition of Kinetic Group is fully backed by JP Morgan Chase
Czechoslovak Group (CSG) has issued a statement reaffirming its commitment to the proposed acquisition of Vista Outdoor’s sporting goods business – recently renamed The Kinetic Group – for a total consideration of $1.91 billion, with fully committed financing from leading US bank JP Morgan Chase. CSG also highlighted the benefits ...
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News briefs
CFIUS accepts re-filed notification of Vista's proposed sale of Kinetic Group
Vista Outdoor Inc. and Czechoslovak Group a.s. (CSG) announced on March 28 that they have voluntarily withdrawn and resubmitted their joint voluntary notification to CFIUS, the United States’ foreign investment review agency, to give CFIUS more time to review CSG’s proposed acquisition of Vista Outdoor’s The Kinetic Group business. With ...
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News briefs
Vista Outdoor confirms receipt of renewed offer from MNC Capital
Vista Outdoor Inc. confirmed on March 25 that it received a revised unsolicited expression of interest from Montréal-based MNC Capital expressing MNC’s interest in acquiring Vista Outdoor in an all-cash transaction at a price of $37.50 per share. On March 4, 2024, Vista Outdoor’s board of directors rejected an unsolicited ...
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Article
Vista Outdoor’s transformation is moving forward
Vista Outdoor announced that the US Securities and Exchange Commission (SEC) has declared effective the registration statement on Form S-4 filed by its subsidiary Revelyst, Inc. in connection with the proposed acquisition by Czechoslovak Group a.s. (CSG) of Vista’s The Kinetic Group business. The announcement is a key achievement in ...
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News briefs
Vista’s foundation donates $200K to four nonprofits before reorganizing under Revelyst
The Vista Outdoor Foundation, the philanthropic partner of Vista Outdoor Inc., announced the donation of $208,000 to four nonprofit organizations, concluding a multi-year grant commitment. The four nonprofits receiving proceeds are: Little Bellas: Mentoring on Mountain Bikes: Little Bellas creates opportunities for girls to experience success using mountain biking as ...
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News briefs
CamelBak and Grofa launch hybrid distribution model in Germany, Austria
The Petaluma, California-based specialist for hydration systems and water bottles CamelBak has announced that Grofa Actions Sports GmbH will be its new distribution partner for Germany and Austria from April 1, taking over from the brand’s previous partner, Hartje. With Giro, Bell and Blackburn, Grofa already represents other brands from ...
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Article
Vista Outdoor rejects unsolicited offer from MNC Capital
Vista Outdoor announced on the morning of March 4, 2024 that its Board of Directors, after consultation with its financial and legal advisors, has rejected the unsolicited expression of interest from MNC Capital in which MNC expressed an interest in acquiring Vista Outdoor in a cash transaction for $35 per ...
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Article
Vista Outdoor receives takeover bid of $2.9bn for entire group
Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...