Czechoslovak Group Purchase Price for Vista Outdoor Divisions Bumps up Another $100 Million | Idaho – Notice Today Online

LEWISTON – Vista Outdoor Inc. today declared that the Company entered into an revised integration commendation with the Czechoslovak Group which increases the acquire toll for the Kinetic Group divisions by $100 meg to $2.1 billion. The amendment also increases the change kindness payable to Vista Outdoor stockholders by $3.00 per deal of Vista Outdoor ordinary hit to $21.00 in cash.

In Oct of 2023, Vista Outdoor entered into an initial commendation to delude its fair products playing to Czechoslovak Group for $1.91 1000000000 in an all-cash dealings person to usual approaching conditions.

In a advise release, Vista Outdoor says the company’s Board of Directors has been “steadfast and singularly convergent on increasing continuance for Vista Outdoor’s stockholders. Vista Outdoor is full sworn to the CSG Transaction and the Board unanimously reaffirms its congratulations that its stockholders balloting in souvenir of the CSG Transaction.”

Vista Outdoor and CSG hit conventional every restrictive approvals required low the integration commendation and are embattled to near this month, person to acknowledgement of investor support and spirit of another usual approaching conditions.

The primary gathering of Vista Outdoor stockholders to, among another things, balloting on a offering to take the integration commendation with CSG, is regular to be held virtually on July 23, 2024, at 9:00 a.m. Central Time.