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Top related persons:
Vista - 3 Michael Callahan - 2 Morgan Stanley - 2 Mark Gottfredson - 1 Glass Lewis - 1 David Geenberg - 1 MNC's - 1 Victor Khosla - 1
Top related locs:
Prague U.S Minnesota Ukraine Revelyst Russia North America United States
Top related orgs:
CSG - 4 Vista - 4 Partners - 2 Czechoslovak Group - 2 MNC Capital - 2 MNC - 2 Remington - 2 JPMorgan - 2

Search resuls for: "Revelyst"


4 mentions found


☆ Vista Outdoor strikes deal to sell itself in parts to two buyers for $3.4 billion
  + stars: | 2024-10-05 | by ( ) www.cnbc.com   time to read: +4 min
Vista struck a deal to sell its sporting goods unit, Revelyst, to investment firm Strategic Value Partners for $1.1 billion, according to a statement seen by Reuters. Taken together, the two deals value Vista at $45 per share, topping a rival $43 per share offer from MNC Capital, an investment firm led by former Vista board member Mark Gottfredson. The sale of Revelyst is expected to close by January, subject to regulatory approvals and the completion of the CSG deal. In June, the CSG deal was cleared by the Committee on Foreign Investment in the United States, which reviews foreign investments over possible national security concerns. In July, Vista launched a strategic review to explore all its options, after failing to gather investor support for the CSG deal.
Persons: Vista, Mark Gottfredson, Michael Callahan, Glass Lewis, David Geenberg, MNC's, Victor Khosla, Morgan Stanley, Moelis, Goldman Sachs Organizations: Flag, New York Stock Exchange, Partners, Reuters, Czechoslovak Group, CSG, MNC Capital, Vista, MNC, Institutional, Services, Federal, Remington, Foresight, Bushnell Golf, North, Foreign Investment, Strategic Value Partners, JPMorgan Locations: U.S, Prague, Revelyst, Minnesota, Russia, Ukraine, North America, United States, Colleyville , Texas
☆ Vista Outdoor agrees deal to sell its ammunition and sporting goods divisions for $3.4 billion
  + stars: | 2024-10-05 | by ( Rebecca Rommen | ) www.businessinsider.com   time to read: +2 min
Vista Outdoor has announced a deal to sell its two divisions for $3.4 billion. It is set to sell Revelyst, its sporting goods business, for around $1.13 billion. That deal is subject to the completion of the sale of its ammunition business, Kinetic Group, for about $2.23 billion. Advertisement"Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders," the press release says. AdvertisementCzechoslovak Group is being advised by JPMorgan on the new deal, while Morgan Stanley is advising Vista Outdoor.
Persons: —, Michael Callahan, Morgan Stanley, Vista's Organizations: Kinetic, Service, Partners, Czechoslovak Group, CSG, Vista, Vista Outdoor, Reuters, JPMorgan, Moelis, Company Locations: Minnesota, Prague
☆ A Higher Bid, and National Security Concerns, for an Ammunition Maker
  + stars: | 2024-03-25 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
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
☆ 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
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