Vista Outdoor Shareholders Approve Kinetic Group Sale

MT Newswires Live2024-11-25

Vista Outdoor (VSTO) said Monday its shareholders approved the sale of The Kinetic Group to Czechoslovak Group at its special meeting.

Vista said its shareholders will get $25.75 and one share of Revelyst in exchange for each Vista share held.

Funds managed by Strategic Value Partners will acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion .

Revelyst's acquisition is expected to close in January next year, Vista added.

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