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Raised stakes in a firearms takeover contestA battle over Vista Outdoor, the company behind top ammunition brands like Remington and Camelbak water bottles, is escalating — and national security is becoming a bigger factor in the fight. MNC is offering $37.50 a share for all of Vista, up from a bid of $35 last month and 16 percent higher than where Vista’s stock closed on Friday. In a letter to Vista’s board reviewed by DealBook, the investment firm reiterated that it had lined up financing for its offer, despite questions by Vista about how solid those commitments were. Vista rejected MNC’s previous offer, saying a planned breakup of itself would be more valuable for shareholders. (Vista has agreed to sell its ammunition business to CSG for $1.9 billion, leaving its nonfirearm division, Revelyst, as a stand-alone public company.)

Persons: DealBook, Vista Organizations: Vista, Remington, MNC Capital, Czechoslovak, MNC, CSG Locations: U.S, Vista

Remington is consolidating its operations in Georgia, a state the company says is friendlier to the firearms industry. Mayor John Stephens meets with village board members under a seal portraying Eliphalet Remington holding a long gun. The four-story, brick plant by Armory Street and Remington Avenue looms over the community about 55 miles (90 kilometers) east of Syracuse. The Ilion plant went to a group of investors called the Roundhill Group as part of a $13 million bid. After months of union negotiations, the firearms plant reopened in the spring of 2021.

Persons: — Remington, Eliphalet Remington, Sandy, Remington, it’s, ”, Jim Conover, Mayor John Stephens, Conover’s, Frank “ Rusty ” Brown, “, Brown, RemArms, Ken D’Arcy, “ They've, Daniel Mendez, Stephens, Michael Disotelle, Sandy Hook, we’re, ” Stephens Organizations: Remington, Mayor, Street, United Mine Workers of America, Remington Firearms, Republican, New, Smith & Wesson, Cerberus Capital Management, Remington Arms, Bushmaster Firearms, Co, Vista Locations: Mohawk, Georgia, Sandy Hook, Detroit, Syracuse, New York, New York City, Tennessee, Springfield , Massachusetts, LaGrange , Georgia, Erie, Ilion

☆ Wall St ends mixed in truncated Black Friday trading
▼ + stars: | 2023-11-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) closed nominally higher, while the Dow (.DJI) eked out a modest gain. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Of the 11 major sectors in the S&P 500, nine ended with gains, led by healthcare (.SPXHC). The S&P 500 posted 23 new 52-week highs and no new lows; the Nasdaq Composite recorded 77 new highs and 51 new lows. Volume on U.S. exchanges was 4.97 billion shares, compared with the 10.49 billion average for the full session over the last 20 trading days.

Persons: Peter Cardillo, Cardillo, Brendan McDermid, decliners, Stephen Culp, Sruthi Shankar, Shristi, Richard Chang Organizations: Nvidia, Vista Outdoor, Colt, Dow, Nasdaq, Spartan Capital Securities, Retailers, U.S, Insider Intelligence, Commerce, New York Stock Exchange, REUTERS, PMI, Dow Jones, Communication, Reuters, Czech, Xpeng, Volkswagen, NYSE, Thomson Locations: China, New York, U.S, New York City, Bengaluru

☆ Stocks making the biggest moves midday: Fisker, Nvidia, Coinbase and more
▼ + stars: | 2023-11-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading. Nvidia — Nvidia shares fell 1.9%. Reuters , citing sources, reported that Nvidia notified its China clients that it will delay until next year a new artificial intelligence chip designed to comply with U.S. export restrictions. First Solar , SolarEdge — The solar panel manufacturer declined 3.3% Friday, while SolarEdge fell about 0.8%. Retailers — Shares of major retailers were mixed in trading during Black Friday, with Walmart and Target up less than 1%.

Persons: Fisker, SolarEdge, Apple — Apple, Coinbase, bitcoin, Changpeng Zhao, Binance, —, Nordstrom, Alex Harring, Jesse Pound, Yun Li, Sarah Min Organizations: Nvidia, Reuters, European Union, Vista, Colt CZ Group, Apple, Counterpoint Research, Department of Justice, Black, Walmart, Target Locations: China

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. The benchmark S&P 500 (.SPX) is about 1% away from setting a new high for the year. The S&P 500 retail sector (.SPXRT) sub-index was, however, down 0.4%. Advancing issues outnumbered decliners by a 1.61-to-1 ratio on the NYSE and by a 1.54-to-1 ratio on the Nasdaq. Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Greg Bassuk, Sruthi Shankar, Shristi, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Nvidia, Dow, Nasdaq, Federal, AXS Investments, Insider Intelligence, Composite, Dow Jones, Reuters, Czech, Colt CZ, Volkswagen, NYSE, Thomson Locations: New York City, U.S, China, New York, Bengaluru

☆ Czech gunmaker Colt CZ makes offer for Vista Outdoor
▼ + stars: | 2023-11-23 | by ( Jason Hovet | ) www.reuters.com time to read: +3 min

Visitors look at firearms from Colt CZ Group at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPRAGUE, Nov 23 (Reuters) - Czech gunmaker Colt CZ Group (CZG.PR) has made a cash-and-stock merger offer to Vista Outdoor (VSTO.N), valuing the U.S. sporting and outdoor goods group's shares at a 16% premium. Colt CZ said it proposed keeping the company together, scrapping plans to separate Vista at this time. Colt CZ, along with a majority shareholder and its chairman, together acquired more than 5% of Vista shares, they announced in October. Colt CZ shares fell around 3% at the Prague open on Thursday but had recovered to trade nearly 1% higher by 1053 GMT.

Persons: Sarah Meyssonnier, Colt CZ's, Vista, Colt, Jason Hovet, Mark Potter Organizations: Colt CZ, REUTERS, Rights, Vista, Czechoslovak Group, Czechoslovak, Colt, CSG, Thomson Locations: Paris, Villepinte, France, Czech, U.S, Vista, Prague

☆ Colt Makes $1.74 Billion Offer for Vista Outdoor, Gate-crashing Rival Deal
▼ + stars: | 2023-11-23 | by ( P.R. Venkat | ) www.wsj.com time to read: 1 min

Visitors look at firearms from Colt CZ Group at an exhibition in Villepinte near Paris, France. Photo: sarah meyssonnier/ReutersFirearms manufacturer Colt CZ Group has made an unsolicited offer to acquire U.S. -based Vista Outdoor that values its equity at $1.74 billion, seeking to block the latter’s proposed merger with a Czech industrial technology company. Colt has proposed a cash-and-stock merger with the sporting and outdoor-goods company that would value its shares at $30.00 each, Vista said late Wednesday.

Persons: sarah meyssonnier, Colt, Vista Organizations: Colt CZ, Reuters, U.S Locations: Villepinte, Paris, France, Czech

Mass Shootings, Mass SalesIn June 2012, James E. Holmes, the Colorado graduate student, ordered 1,500 rounds of Lake City ammunition from the website BulkAmmo.com, which had been offering discounts on boxes of the 5.56. The tally includes shootings in a public place in which four or more people, not including the attacker, were killed. He did not use rounds from Lake City, but the tragedy drove a new push for gun reform — and a reflexive spike in ammunition sales. Vista Outdoor issued a statement attributed to Federal Cartridge, one of its many brands, saying it was proud of its ammunition production. backed down, and, within a year, Lake City green tips were tied to the shooting of five police officers and a deputy sheriff.

Persons: James E, Holmes, ATK, Mr . DeYoung, Vista, DeYoung, “, ” Organizations: Colorado, Lake, FedEx, Violence, Sandy Hook Elementary, Army, ATK, Walmart, Vista, Firearms, Alcohol, Tobacco, Explosives Locations: Lake City, Aurora, Newtown, Conn, U.S

NFL football helmets are seen on display in Tampa, Florida, U.S., February 3, 2021. REUTERS/Eve Edelheit/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. maker of football helmets and gear Riddell is exploring a sale, the company told Reuters, in a deal that could value it at around $800 million, people familiar with the matter said. Riddell was founded in 1929 by John T. Riddell who invented gear such as removable football cleats and plastic helmet shells. Fenway Partners acquired Riddell Sports Group in 2003 and combined it with Bell Sports in 2004. In 2014, Fenway again changed the company's name to BRG Sports for its core Bell, Riddell and Giro brands and sold its Easton baseball and softball business to Bauer Performance Sports.

Persons: Eve Edelheit, Riddell, Robert W, Baird, John T, Abigail Summerville, Rod Nickel Organizations: REUTERS, Reuters, National Football League, UBS Group, Co, Fenway Partners, Riddell Sports Group, Bell Sports, Easton Sports, Fenway, Sports, Bell, Giro, Easton, Bauer Performance Sports, Vista, Blackburn, BRG Sports, Marucci Sports, Fox Factory Holding, Thomson Locations: Tampa , Florida, U.S, Easton, Bell, New York

☆ US Halts Exports of Most Civilian Firearms for 90 Days
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) -The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co., Smith & Wesson Brands and Vista Outdoor, could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: WASHINGTON, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Vista, Overseas, Commerce Locations: U.S, Washington, Ukraine, Israel

☆ US halts exports of most civilian firearms for 90 days
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 27 (Reuters) - The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co. (RGR.N), Smith & Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N), could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Joshua Roberts, Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: of Commerce, REUTERS, Rights, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Overseas, Commerce, Thomson Locations: Washington , U.S, U.S, Washington, Ukraine, Israel

☆ Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

Oct 16 (Reuters) - Vista Outdoor (VSTO.N) said on Monday it would sell its sporting products business in a $1.91 billion deal, although its shares tumbled about 20% in early trading after it cut its full-year sales forecast. The all-cash sale of the sporting products unit, which includes its guns and ammunition business, to privately held Czechoslovak Group a.s. (CSG) is expected to close next calendar year, Vista Outdoor said. Earlier this month, Vista spun off its outdoor products segment, which includes helmets and water bottles, into a separate publicly traded company called Revelyst as part of its previously announced plan. Vista said in a call with analysts and investors that the separation of its sporting and outdoor goods units will be formalized at the closing of its deal with CSG. CSG said it plans to take $1.11 billion of debt financing to fund the deal with Vista Outdoor.

Persons: Andy Keegan, Vista, Fiocchi Munizioni, Juveria Tabassum, Jason Hovet, Jan Lopatka, Savio D'Souza, Shweta Agarwal Organizations: Vista, CSG, Thomson Locations: Ukraine, Prague

☆ Stocks making the biggest moves midday: Lululemon, Pfizer, News Corp, Charles Schwab and more
▼ + stars: | 2023-10-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Pfizer — Shares rallied 3.61% following an upgrade by Jeffries to buy from hold. The firm sees an attractive buying opportunity after Pfizer cut its full-year guidance last week on slumping vaccine sales. Alignment Healthcare — Shares soared 17.22% after being upgraded to strong buy from outperform by Raymond James. Tal Education — The education technology stock popped 6.73% after UBS upgraded shares to a buy rating, citing an attractive valuation and tailwinds from Tal Education's nonacademic tutoring business. Greenbrier — Shares of the transportation services company gained 3.81% Monday morning after Susquehanna upgraded the stock to a positive rating.

Persons: Dow, Lululemon, Jeffries, Novavax, Raymond James, Morgan Stanley, Jim Ratcliffe, Sheikh Jassim bin Hamad al Thani, Glazer, Tal Education's, Charles Schwab —, Schwab, Albemarle —, Albemarle, Bascome, Henry Schein —, Yun Li, Fred Imbert, Hakyung Kim, Samantha Subin, Alex Harring, Pia Singh, Lisa Han Organizations: Dow Jones Indices, Activision, Microsoft, Pfizer —, Pfizer, Moderna, News Corp, Reuters, Street, Street Journal, Systems, Manchester United, Tal Education, UBS, Liontown, Greenbrier —, Susquehanna Locations: BioNTech, Greenbrier

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Gun companies reckon with declining demand after pandemic surge
▼ + stars: | 2023-01-18 | by ( Stefan Sykes | ) www.cnbc.com time to read: +4 min

American Outdoor Brands and Vista Outdoor have reported weaker sales in their shooting categories of late. But the past year has seen gun sales fall precipitously as demand wanes. Sturm, Ruger & Company did not immediately respond to CNBC's request for comment. Other major gun companies including American Outdoor Brands and Vista Outdoor, which purchased Remington Ammunition out of bankruptcy in late 2020, are seeing similar declines in gun sales. Vista Outdoor reported a sales decline of 4% to $432 million for its sporting products, which includes its Remington acquisition.

☆ Cramer's lightning round: I still see another bad quarter ahead for Ford Motor
▼ + stars: | 2022-11-22 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Ford Motor Co : "I still see another bad quarter ahead because they don't have the right inventory, and then maybe things can get better." However, it's not doing well financially, so therefore I'm not going to give it my blessing." Loading chart...First Watch Restaurant Group Inc : "We have to do work on First Watch. We don't know it." Disclaimer: Cramer's Charitable Trust owns shares of Ford.

☆ Keurig Dr Pepper Poaches Vista Outdoor Finance Chief
▼ + stars: | 2022-10-24 | by ( Colin Kellaher | ) www.wsj.com time to read: +1 min

Keurig Dr Pepper Inc. on Monday said it named Sudhanshu Priyadarshi chief financial officer, effective Nov. 14, plucking the executive from Vista Outdoor Inc.Keurig’s previous finance chief, Ozan Dokmecioglu, earlier the year succeeded Bob Gamgort as chief executive, and the Burlington, Mass., beverage company had said it was looking to recruit a new chief financial officer. Vista said Mr. Priyadarshi, who joined the Anoka, Minn., maker of sporting and outdoor products as chief financial officer in April 2020, will continue to fulfill his duties until his departure, including the release of the company’s fiscal second-quarter results. Vista said it has launched a formal search for a successor to Mr. Priyadarshi, adding that Andrew Keegan, currently vice president of finance and treasury, will serve as interim finance chief. Keurig said Mr. Priyadarshi, 45 years old, will receive an annual base salary of $850,000 and will be eligible for an annual bonus with a target of 80% of his base pay. Write to Colin Kellaher at Colin.Kellaher@wsj.comCopyright ©2022 Dow Jones & Company, Inc. All Rights Reserved.

☆ Keurig Dr Pepper Names New CFO to Fill Gap Left by Elevation of CEO
▼ + stars: | 2022-10-24 | by ( Kristin Broughton | Colin Kellaher | ) www.wsj.com time to read: +4 min

Keurig Dr Pepper Inc. hired a new executive to lead its finances after it promoted its former chief financial officer to the role of chief executive. In his new role, Mr. Priyadarshi will oversee Keurig Dr Pepper’s finance and information technology divisions. Keurig Dr Pepper is scheduled to report quarterly results on Thursday. Keurig Dr Pepper has said that acquisitions are a top priority for capital allocation. Keurig Dr Pepper Monday said Mr. Priyadarshi wasn’t available for an interview and declined to comment beyond its release.

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