CSG raises cash component of its bid for Vista Outdoor's arms unit (updated)

Vista Outdoor

13/09/2024 14:25

(Adds details in paragraphs 2-3)
       Sept 13 (Reuters) - Vista Outdoor  VSTO.N  said on
Friday Czechoslovak Group (CSG) has increased the cash component
of its offer to buy the company's arms business, Kinetic Group,
by $4 a share and would also purchase 7.5% of its Revelyst unit
for $150 million.
    The proposed share purchase would value Revelyst, Vista's
outdoor sporting gear business, at $2.0 billion.
    Vista Outdoor stockholders would now receive $28 per share
in cash and one share of Revelyst common stock.

 (Reporting by Anuja Bharat Mistry in Bengaluru; Editing by
Shilpi Majumdar)
 ((AnujaBharat.Mistry@thomsonreuters.com;))