04:53 PM EST, 11/25/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Monday its shareholders approved the sale of The Kinetic Group to Czechoslovak Group at its special meeting.

Vista said its shareholders will get $25.75 and one share of Revelyst in exchange for each Vista share held.

Funds managed by Strategic Value Partners will acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion .

Revelyst's acquisition is expected to close in January next year, Vista added.