Vista Outdoor climbs after company to review strategic alternatives for unit

Vista Outdoor

30/07/2024 11:57

** Shares of sporting and outdoor products company Vista
Outdoor  VSTO.N  up 3% at $40 in premarket trading
    ** VSTO says it was reviewing alternatives, including a
sale, for its outdoor sporting gear business Revelyst
    ** Co says Prague-based defense firm Czechoslovak Group
(CSG) is considering a Revelyst acquisition, while it is also
engaging with MNC Capital on its bid for the whole company
    ** CSG has already bid for VSTO's ammunition unit, while
VSTO's options now include splitting its sports gear and
ammunition businesses
    ** Co also adjourns special meeting for stockholders to
Sept. 13
    ** As of last close, stock had risen 31.3% YTD

 (Reporting by Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com; Twitter: https://twitter.com/Vanaik_Granth;))