Vista Outdoors Board Recommends Selling Ammo Business To CSG

By Zac K

The board at Vista Outdoors is unanimously behind a restructuring plan that will see the Czechoslovak Group (CSG) buying its ammo-related business, with the rest of the company restructuring after the sale.Vista Outdoors @ TFB: [SHOT 2024] Federal And Remington – New Ammo Releases From Vista Outdoor Rising Material Costs Induce Vista Outdoors Ammunition Price Increases SOLD: Savage Arms Leaving Vista OutdoorsThe news comes after Vista’s board rejected a buyout offer from American investors at MNC Capital. MNC reportedly offered Vista a buyout price of $42 a share, which would work out to $3.2B for the whole company. Vista’s board rejected that offer, saying it wasn’t enough cash. Instead, they unanimously backed an offer from CSG which sees the Czechs paying $2.1B for Vista Outdoors’ ammunition business, which is conducted under a subsidiary called the Kinetic Group.Now, the ownership of Speer, Federal and Remington ammunition brands will go to CSG, as long as the deal passes at Vista’s July 23 shareholder vote. The outdoor brands that Vista controls through its subsidiary Revelyst (Fox, CamelBak, Bell) would be re-formed into

Source: The Firearm Blog