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CSG raises cash component of its bid for Vista Outdoor's arms unit
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CSG raises cash component of its bid for Vista Outdoor's arms unit
Sep 13, 2024 12:09 PM

Sept 13 (Reuters) - Vista Outdoor ( VSTO ) said on

Friday Czechoslovak Group (CSG) has increased the cash component

of its offer to buy the company's arms business, Kinetic Group,

by $4 a share and would also purchase 7.5% of its Revelyst unit

for $150 million.

The proposed share purchase would value Revelyst, Vista's

outdoor sporting gear business, at $2.0 billion.

Vista Outdoor ( VSTO ) stockholders would now receive $28 per share

in cash and one share of Revelyst common stock.

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