07:59 AM EDT, 07/22/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Monday it signed a deal to increase its selling price for The Kinetic Group business to Czechoslovak Group by $50 million.

The purchase price was increased to $2.15 billion from the original price of $1.91 billion, Vista said, adding that about $125 million would be added as cash consideration.

Vista said its Revelyst business plans to pursue a 12-month $50 million share repurchase program following the closing of The Kinetic Group sale.

Additionally, the company reaffirmed its guidance for fiscal 2025 sales of $2.7 billion to $2.8 billion.

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