Vista Outdoor (VSTO) said Wednesday it has completed the sale of The Kinetic Group to Czechoslovak Group following stockholder approval.
The deal provides Vista shareholders $25.75 in cash and one share of Revelyst in exchange for each Vista share held.
Revelyst will start trading on the New York Stock Exchange this Wednesday under the ticker symbol "GEAR," Vista said. Funds managed by Strategic Value Partners will acquire Revelyst in an all-cash transaction based on an enterprise value of about $1.13 billion.
Revelyst's acquisition is expected to close in January, after which Revelyst will delist from the NYSE, Vista added.
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