03:45 AM EDT, 06/26/2024 (MT Newswires) -- The Committee on Foreign Investment in the US has signed off on Vista Outdoor's ( VSTO ) $2 billion sale of its Kinetic Group business to the Czechoslovak Group, the two companies said Tuesday.

The clearance was the final regulatory hurdle necessary for the closing of the transaction, the companies said.

The closing awaits the approval of Vista shareholders and other conditions.

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