Brief: Vista Outdoor Says Enters Into Definitive Agreement With SVP To Sell Revelyst For $1.125 Bln

Vista Outdoor

05/10/2024 03:05

Oct 4 (Reuters) - Vista Outdoor Inc  VSTO.N :
    * VISTA OUTDOOR ENTERS INTO DEFINITIVE AGREEMENT WITH SVP TO
SELL
REVELYST FOR $1.125 BILLION; DELIVERS AN ESTIMATED $45 PER SHARE
IN CASH IN COMBINATION WITH CSG TRANSACTION
    * VISTA OUTDOOR INC - CSG INCREASES PURCHASE PRICE FOR
KINETIC
GROUP TO $2.225 BILLION
    * VISTA OUTDOOR INC - SVP TO PAY $1.125 BILLION, REVELYST
SHAREHOLDERS TO RECEIVE $19.25 PER SHARE
    * VISTA OUTDOOR INC - CSG TRANSACTION AND SVP TRANSACTION
REPRESENT AN ENTERPRISE VALUE OF $3.35 BILLION FOR VISTA OUTDOOR
    * VISTA OUTDOOR INC - SVP TRANSACTION HAS BEEN UNANIMOUSLY
APPROVED BY BOARD AND IS EXPECTED TO CLOSE BY JANUARY 2025
    * VISTA OUTDOOR INC - VISTA OUTDOOR AND CSG HAVE RECEIVED
ALL
REGULATORY APPROVALS REQUIRED UNDER MERGER AGREEMENT FOR CSG
TRANSACTION
    * VISTA OUTDOOR INC - SVP TRANSACTION CONTINGENT UPON CLOSE
OF CSG
TRANSACTION

Source text for Eikon:  ID:nBw6tyVjwa 
Further company coverage:  VSTO.N 

 ((Reuters.Briefs@thomsonreuters.com;))