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BRIEF-Vista Outdoor Says Enters Into Definitive Agreement With SVP To Sell Revelyst For $1.125 Bln
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BRIEF-Vista Outdoor Says Enters Into Definitive Agreement With SVP To Sell Revelyst For $1.125 Bln
Oct 5, 2024 10:52 AM

Oct 4 (Reuters) - Vista Outdoor Inc ( VSTO ):

* VISTA OUTDOOR ENTERS INTO DEFINITIVE AGREEMENT WITH SVP TO

SELL

REVELYST FOR $1.125 BILLION; DELIVERS AN ESTIMATED $45 PER SHARE

IN CASH IN COMBINATION WITH CSG TRANSACTION

* VISTA OUTDOOR INC ( VSTO ) - CSG INCREASES PURCHASE PRICE FOR

KINETIC

GROUP TO $2.225 BILLION

* VISTA OUTDOOR INC ( VSTO ) - SVP TO PAY $1.125 BILLION, REVELYST

SHAREHOLDERS TO RECEIVE $19.25 PER SHARE

* VISTA OUTDOOR INC ( VSTO ) - CSG TRANSACTION AND SVP TRANSACTION

REPRESENT AN ENTERPRISE VALUE OF $3.35 BILLION FOR VISTA OUTDOOR

* VISTA OUTDOOR INC ( VSTO ) - SVP TRANSACTION HAS BEEN UNANIMOUSLY

APPROVED BY BOARD AND IS EXPECTED TO CLOSE BY JANUARY 2025

* VISTA OUTDOOR INC ( VSTO ) - VISTA OUTDOOR AND CSG HAVE RECEIVED

ALL

REGULATORY APPROVALS REQUIRED UNDER MERGER AGREEMENT FOR CSG

TRANSACTION

* VISTA OUTDOOR INC ( VSTO ) - SVP TRANSACTION CONTINGENT UPON CLOSE

OF CSG

TRANSACTION

Source text for Eikon:

Further company coverage:

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