CSG increases purchase price for Vista Outdoor's unit to $2.15 billion (updated)

Vista Outdoor

22/07/2024 11:20

(Adds details from the release in paragraphs 2-4)
       July 22 (Reuters) - Vista Outdoor  VSTO.N  said on
Monday Czechoslovak Group had raised the base purchase price for
a proposed acquisition of its ammunition business, Kinetic
Group, by $50 million to $2.15 billion.
    Prague-based defense firm CSG also raised the cash
consideration payable to Vista's shareholders by $3 per share.
    On closing of the deal, Vista stockholders would receive $24
per share in cash and one share of Revelyst, the company's
performance gear business, common stock.
    Vista also said it would adjourn its virtual special
shareholder meeting to July 30 from July 23.

 (Reporting by Juveria Tabassum; Editing by Shilpi Majumdar)
 ((Juveria.Tabassum@thomsonreuters.com;))