11:24 AM EDT, 03/22/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Friday the US Securities and Exchange Commission declared effective a registration statement filed in connection with the sale of its Kinetic Group business segment to Czechoslovak Group.

The registration statement was filed by Vista's Revelyst unit, the outdoor products business segment that will be separated from the Kinetic Group, an ammunition maker, to implement the deal with Czechoslovak Group.

Following the SEC declaration, Vista said a special stockholders' meeting has been set for May 16 to vote on the proposed transaction with Czechoslovak Group. Shareholders of record as of April 1 will be entitled to vote.

Aside from stockholder support, Vista said the transaction still requires other regulatory approvals and remains subject to customary closing conditions.

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