06:34 AM EDT, 07/19/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Thursday that independent proxy advisory firm Glass Lewis & Co. recommended stockholders to vote in favor of the proposed $2.1 billion sale of the company's The Kinetic Group business to Czechoslovak Group at a special meeting of stockholders on July 23.

Glass Lewis said in a Wednesday report that it believes the shareholders would receive a "fairly significant" cash consideration under the proposed transaction.