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Articles from Vista Outdoor Inc.

Vista Outdoor Announces Completion of CSG Transaction
Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSEVSTO) today announced the completion of the sale of The Kinetic Group to Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”), following receipt of stockholder approval at the Company’s special meeting of stockholders on November 25, 2024. Under the terms of the merger agreement for the CSG Transaction, Vista Outdoor stockholders will receive $25.75 in cash and one share of Revelyst common stock for each share of Vista Outdoor common stock they hold.
By Vista Outdoor Inc. · Via Business Wire · November 27, 2024
Vista Outdoor Stockholders Approve CSG Transaction to Acquire The Kinetic Group
Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSEVSTO) today announced that its stockholders voted to approve the sale of The Kinetic Group to Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”) at its special meeting of stockholders held earlier today.
By Vista Outdoor Inc. · Via Business Wire · November 25, 2024
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Vista Outdoor Stockholders Vote ‘FOR’ the CSG Transaction
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) announced that both leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have updated their reports to recommend Vista Outdoor stockholders vote “FOR” the transaction with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group for $2.225 billion (the “CSG Transaction”).
By Vista Outdoor Inc. · Via Business Wire · November 14, 2024
Foresight Sports Launches Custom-Designed QuadMAX in Partnership with Volition America
Foresight Sports, a Revelyst brand and the leader in premium optical launch monitor and golf simulation technology, is proud to announce its partnership with Volition America, a movement dedicated to celebrating American patriotism through innovative apparel and accessories. Together, Foresight Sports and Volition America have created a custom edition of the QuadMAX launch monitor, paying tribute to U.S. military veterans and embodying the spirit of giving back. This collaboration is a testament to both companies’ shared values of excellence, patriotism, and unity.
By Vista Outdoor Inc. · Via Business Wire · November 7, 2024
Vista Outdoor Reports Strong Second Quarter Financial Results; Special Meeting of Stockholders to Vote on Sale of The Kinetic Group to CSG Scheduled to be Held on November 25, 2024
Vista Outdoor Inc. (NYSEVSTO) today reported operating results for the Second Quarter Fiscal Year 2025 (FY2025), which ended on September 30, 2024.
By Vista Outdoor Inc. · Via Business Wire · November 6, 2024
Vista Outdoor Sets Date of Special Meeting of Stockholders for November 25, 2024
Vista Outdoor Inc. (“Vista Outdoor,” the “Company”) (NYSEVSTO) today announced that it will hold the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”) at 9 a.m. (Central Time) on November 25, 2024.
By Vista Outdoor Inc. · Via Business Wire · October 24, 2024
Vista Outdoor to Release Second-Quarter Fiscal 2025 Financial Results
Vista Outdoor Inc. (“Vista Outdoor”) (NYSEVSTO) today announced plans to report its second-quarter Fiscal 2025 financial results on Wednesday, Nov. 6, after the market closes.
By Vista Outdoor Inc. · Via Business Wire · October 17, 2024
Revelyst Partners with Strategic Value Partners to Accelerate Growth
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), and Strategic Value Partners, LLC, (together with its affiliates, “SVP” or the “firm”), a global alternative investment firm with approximately $19 billion of assets under management, today announced that they have entered into an agreement under which SVP-managed funds will acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion. The transaction is expected to close by January 2025, subject to the completion of the $2.225 billion CSG Transaction (separate press release), as well as the receipt of necessary regulatory approvals and other customary closing conditions.
By Vista Outdoor Inc. · Via Business Wire · October 4, 2024
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. (“Vista Outdoor” or “the Company”) (NYSEVSTO) today announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion (the “SVP Transaction”). In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for the Kinetic Group to $2.225 billion (the “CSG Transaction”).
By Vista Outdoor Inc. · Via Business Wire · October 4, 2024
Foresight Sports and Uneekor Agree on License of Foresight Sports Patents Related to Portable Golf Launch Monitor Screen Technology
Foresight Sports, a Revelyst brand and a designer and manufacturer of game enhancement technologies including launch monitors, simulators, performance/entertainment software and smart mobility solutions, and Uneekor, Inc. (dba Uneekor), a manufacturer of golf simulator technologies, have reached an agreement that grants Uneekor a license to a number of Foresight Sports patents related to portable golf launch monitor technology.
By Vista Outdoor Inc. · Via Business Wire · September 30, 2024
Vista Outdoor To Adjourn Special Meeting of Stockholders to October 9, 2024
Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSEVSTO) today announced that it will adjourn the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”) to 9:00 am (Central Time) on October 9, 2024. The Company remains in active discussions with CSG and the private equity firm partnered with MNC Capital (the “Private Equity Firm”), separate and apart from MNC, to potentially reach an agreement with respect to the sale of Revelyst.
By Vista Outdoor Inc. · Via Business Wire · September 24, 2024
Vista Outdoor Board of Directors Sends Letter to Stockholders Highlighting Reasons to Vote FOR Value Maximizing CSG Transaction
Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSEVSTO) today announced that its Board of Directors sent a letter to stockholders urging them to vote “FOR” the value maximizing transaction with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group and invest in Revelyst at the September 27th special meeting of stockholders.
By Vista Outdoor Inc. · Via Business Wire · September 20, 2024
Revelyst, 5 Horizons Group Announce Licensing Agreement and Launch of CamelBak Pro
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), and 5 Horizons, a global leader in accessories for the work, outdoor and sporting goods markets, today announced a strategic licensing partnership and the launch of CamelBak Pro, a line of innovative hydration products designed to help workers stay hydrated on the job.
By Vista Outdoor Inc. · Via Business Wire · September 19, 2024
Vista Outdoor’s Board of Directors Is Committed to Exploring All Opportunities to Maximize the Value of Revelyst, Including a Potential Sale
Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSEVSTO) today issued the following statement from the Company’s Chairman of the Board, Michael Callahan:
By Vista Outdoor Inc. · Via Business Wire · September 18, 2024
Vista Outdoor Board of Directors Unanimously Recommends CSG Transaction and Rejects Last Proposal from MNC Capital
Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSEVSTO) today announced that its Board of Directors unanimously recommends stockholders vote for the transaction with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group and invest in Revelyst (the “CSG Transaction”), and unanimously rejects the last proposal from MNC Capital (“MNC”).
By Vista Outdoor Inc. · Via Business Wire · September 18, 2024
Vista Outdoor Announces Cash Consideration for CSG Transaction Increased to $28 Per Share
Vista Outdoor Inc.’s (“Vista Outdoor”, the “Company”) (NYSEVSTO) Board of Directors today issued the following statement:
By Vista Outdoor Inc. · Via Business Wire · September 13, 2024
Vista Outdoor Board of Directors Provides Update
Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSEVSTO) today announced that, as part of the Board of Directors’ ongoing review of strategic alternatives to maximize stockholder value, the Company and its Board, and their respective financial and legal advisors, are continuing to engage with MNC Capital (“MNC”) and its private equity partner and advisors with respect to MNC’s revised proposal to acquire Vista Outdoor for $43.00 per share in cash, which was submitted on September 6, 2024. The Company has not made any determination with respect to MNC’s revised proposal.
By Vista Outdoor Inc. · Via Business Wire · September 10, 2024
Vista Outdoor’s Board of Directors Comments on Public Communication from MNC Capital
Vista Outdoor Inc.’s (“Vista Outdoor”, the “Company”) (NYSEVSTO) Board of Directors today commented on MNC Capital’s (“MNC”) most recent communication:
By Vista Outdoor Inc. · Via Business Wire · September 7, 2024
Vista Outdoor Reports First Quarter Fiscal Year 2025 Financial Results
Vista Outdoor Inc. (NYSEVSTO) today reported operating results for the First Quarter Fiscal Year 2025 (FY2025), which ended on June 30, 2024.
By Vista Outdoor Inc. · Via Business Wire · August 5, 2024
Vista Outdoor Board Announces Review of Strategic Alternatives
Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSEVSTO) today announced that its Board of Directors (the “Board”) has commenced a review of strategic alternatives, which includes:
By Vista Outdoor Inc. · Via Business Wire · July 30, 2024
Vista Outdoor Sets The Record Straight
Vista Outdoor Inc. (NYSEVSTO) (“Vista Outdoor” or “we”) today issued the below statement in response to MNC Capital to set the record straight:
By Vista Outdoor Inc. · Via Business Wire · July 22, 2024
Vista Outdoor Announces Increased Purchase Price from CSG for The Kinetic Group of $2.15 Billion and Increased Cash Consideration of $24.00 Per Share
Vista Outdoor Inc. (NYSEVSTO) (“Vista Outdoor”, “we” or the “Company”) today announced that on July 21, 2024, the Company entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”). In addition, the Company reaffirmed its Fiscal Year 2025 outlook and reported preliminary, unaudited Q1 Fiscal Year 2025 results.
By Vista Outdoor Inc. · Via Business Wire · July 22, 2024
Leading Independent Proxy Advisory Firm Glass Lewis Recommends Vista Outdoor Stockholders Vote “FOR” the Sale of The Kinetic Group to CSG
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) today announced that leading independent proxy advisory firm Glass Lewis & Co. (“Glass Lewis”) recommends stockholders vote “FOR” the proposed sale of Vista Outdoor’s The Kinetic Group business to Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”). Vista Outdoor’s special meeting of stockholders is scheduled to be held on July 23, 2024.
By Vista Outdoor Inc. · Via Business Wire · July 18, 2024
Vista Outdoor Responds to MNC Capital and ISS
Vista Outdoor Inc. (“Vista Outdoor” or “the Company”) (NYSEVSTO) today issued the following statement in response to claims made by MNC Capital (“MNC”) and an updated report issued by Institutional Shareholders Services (“ISS”) relating to the sale of The Kinetic Group business to Czechoslovak Group a.s. (“CSG”):
By Vista Outdoor Inc. · Via Business Wire · July 11, 2024
Revelyst Announces Sale of Fiber Energy Products
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), today announced the sale of the assets of Fiber Energy Products, the company’s wood pellet manufacturer, to Lignetics, Inc.
By Vista Outdoor Inc. · Via Business Wire · July 10, 2024
Vista Outdoor Board of Directors Reiterates Commitment to Sale of The Kinetic Group to CSG in Open Letter to Stockholders
Vista Outdoor Inc.’s (“Vista Outdoor” or “the Company”) (NYSEVSTO) Board of Directors today issued an open letter to Vista Outdoor stockholders in connection with its upcoming Special Meeting of Stockholders (the “Special Meeting”) on July 23, 2024. The full text of the letter is as follows:
By Vista Outdoor Inc. · Via Business Wire · July 10, 2024
CSG Purchase Price for The Kinetic Group Business Increased to $2.1 Billion and Cash Consideration Increased to $21.00 Per Share
Vista Outdoor Inc. (“Vista Outdoor”) (NYSEVSTO) today announced that the Company entered into an amendment to the merger agreement with the Czechoslovak Group a.s. (“CSG”), which increases the purchase price payable by CSG for the acquisition of The Kinetic Group business (the “CSG Transaction”) by $100 million to $2.1 billion. The amendment also increases the cash consideration payable to Vista Outdoor stockholders by $3.00 per share of Vista Outdoor common stock to $21.00 in cash.
By Vista Outdoor Inc. · Via Business Wire · July 8, 2024
Vista Outdoor Confirms Receipt of Additional Information from MNC Capital
Vista Outdoor Inc. (“Vista Outdoor”) (NYSEVSTO) today confirms receipt of information delivered by MNC Capital (“MNC”) in response to the Vista Outdoor’s request for certain additional information required in order to assess MNC’s revised indication of interest pursuant to which MNC expressed its final effort to acquire Vista Outdoor in an all-cash transaction for $42.00 per share (the “Final Indication”).
By Vista Outdoor Inc. · Via Business Wire · July 2, 2024
Vista Outdoor to Adjourn Special Meeting of Stockholders to July 23, 2024
Vista Outdoor Inc. (“Vista Outdoor”, the “Company”, “we”, “us” or “our”) (NYSEVSTO) today announced that it will adjourn the special meeting of stockholders scheduled to be held at 9:00 am (Central Time) on July 2, 2024, to 9:00 am (Central Time) on July 23, 2024 to enable the Company to engage with stockholders prior to the vote in light of recent developments.
By Vista Outdoor Inc. · Via Business Wire · June 27, 2024
CFIUS Clears Sale of The Kinetic Group to CSG
Vista Outdoor Inc. (“Vista Outdoor,” the “Company,” “we,” “us” or “our”) (NYSEVSTO) and Czechoslovak Group a.s. (“CSG”) announced today that the Committee on Foreign Investment in the United States (“CFIUS”) has cleared CSG’s proposed acquisition of Vista Outdoor’s The Kinetic Group business (the “Transaction”). Vista Outdoor and CSG received written notice from CFIUS that CFIUS has concluded its review and investigation of the Transaction and has determined that there are no unresolved national security concerns. CFIUS clearance was the final regulatory approval required under the merger agreement with CSG for the closing of the Transaction.
By Vista Outdoor Inc. · Via Business Wire · June 25, 2024
CSG Increases Purchase Price for The Kinetic Group Business to $2 Billion
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) today announced that, on June 23, 2024, it entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”).
By Vista Outdoor Inc. · Via Business Wire · June 24, 2024
Vista Outdoor Reaffirms Recommendation for CSG Transaction
Vista Outdoor Inc. (“Vista Outdoor”, the “Company”, “we”, “us” or “our”) (NYSEVSTO) today reaffirmed its recommendation that Vista Outdoor stockholders vote in favor of the proposed merger agreement with Czechoslovak Group a.s. (“CSG”) pursuant to which CSG will acquire The Kinetic Group for $1.96 billion in cash. Vista Outdoor remains confident that it will receive clearance from the Committee on Foreign Investment in the United States (“CFIUS”) with respect to the proposed transaction with CSG and that all other closing conditions will be satisfied.
By Vista Outdoor Inc. · Via Business Wire · June 17, 2024
Revelyst Unveils 2024 Summer Gift Guide – the ‘Revelyst Lyst’
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), today announced the latest edition of the “Revelyst Lyst” — just in time for your summer adventures. The Revelyst Lyst is a curated, seasonal gift guide that features the hottest and most innovative products in precision sports and technology, adventure sports and outdoor performance from the company’s house of maker brands.
By Vista Outdoor Inc. · Via Business Wire · June 11, 2024
Vista Outdoor Receives $2+ Billion Offer from an Alternative Party for The Kinetic Group
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) today confirmed that it received an indication of interest on June 7, 2024 from a U.S. based private investment firm (“an alternative party”), which was involved in the prior sales process for The Kinetic Group in 2023, pursuant to which the alternative party would acquire The Kinetic Group for $2,008,500,000 in cash, on a cash-free, debt-free basis. The $47.75 million break fee payable to Czechoslovak Group a.s. (“CSG”) in the event that Vista Outdoor determined to terminate the merger agreement with CSG and enter into a transaction with the alternative party would be payable by Vista Outdoor. The alternative party stated that it would commit to fully supporting the purchase price and is prepared to execute definitive agreements no later than June 14, 2024.
By Vista Outdoor Inc. · Via Business Wire · June 10, 2024
Leading Independent Proxy Advisory Firm ISS Recommends Vista Outdoor Stockholders Vote “FOR” the Sale of The Kinetic Group to CSG
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) announced today that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) recommends stockholders vote “FOR” the proposed sale of Vista Outdoor’s The Kinetic Group business to Czechoslovak Group a.s. (“CSG”). Vista Outdoor’s special meeting of stockholders is scheduled to be held on June 14, 2024.
By Vista Outdoor Inc. · Via Business Wire · June 3, 2024
Vista Outdoor Rejects Unsolicited Indication of Interest from MNC Capital
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) today announced that its Board of Directors (the “Board”), following consultation with its financial and legal advisors, has rejected the unsolicited indication of interest received from MNC Capital (“MNC”) on March 25, 2024 pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista Outdoor share. The Board issued a letter to MNC which is reproduced below.
By Vista Outdoor Inc. · Via Business Wire · May 28, 2024
Vista Outdoor Confirms CSG Increases Purchase Price for The Kinetic Group Business by $50 Million to $1.96 Billion
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) today announced that, on May 27, 2024, it entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”).
By Vista Outdoor Inc. · Via Business Wire · May 28, 2024
Vista Outdoor Reports Strong Fourth Quarter Financial Results and Fiscal Year 2024 Financial Results
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today reported operating results for the fourth quarter and Fiscal Year 2024 (FY24), which ended on March 31, 2024.
By Vista Outdoor Inc. · Via Business Wire · May 8, 2024
Revelyst Announces Sale of RCBS
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), today announced the sale of RCBS, the company’s Oroville, California-based reloading brand, to Hodgdon Powder Co. Inc., a Shawnee, Kansas-based supplier of smokeless and black powder substitute propellants.
By Vista Outdoor Inc. · Via Business Wire · May 2, 2024
Revelyst to Reschedule Investor Day
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), today announced the company will reschedule its Investor Day. The change is in light of the Vista Outdoor Board of Directors’ recent decision to adjourn the date of the planned shareholder vote related to outside interest in the company.
By Vista Outdoor Inc. · Via Business Wire · April 30, 2024
Revelyst Announces Chief Supply Chain Officer
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), today announced the appointment of Joe Beck as Chief Supply Chain Officer, effective April 22. In the third quarter, Revelyst launched GEAR Up, the company’s plan to simplify its business model, deliver increased efficiency and profitability, and reinvest in its highest potential brands to accelerate growth and transformation. The appointment of a seasoned, transformational supply chain, sourcing and logistics leader is key to helping Revelyst and its brands begin this new chapter.
By Vista Outdoor Inc. · Via Business Wire · April 23, 2024
Vista Outdoor in Discussions with MNC Capital, Advises MNC to Increase their Offer Price
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) today confirmed it is engaging in discussions with MNC Capital (“MNC”) related to its March 25, 2024 unsolicited indication of interest pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share. The Company advised MNC it expects MNC to deliver an improved economic proposal following the Company providing MNC with access to certain diligence information as permitted in accordance with the terms of the existing merger agreement with Czechoslovak Group a.s. (“CSG”).
By Vista Outdoor Inc. · Via Business Wire · April 22, 2024
Vista Outdoor to Release Fourth-Quarter and Full-Year Fiscal 2024 Financial Results
Vista Outdoor Inc. (“Vista Outdoor”) (NYSEVSTO) today announced plans to report its fourth-quarter and full-year fiscal 2024 financial results on Wednesday, May 8, 2024, after the market closes. Vista Outdoor’s management will host a conference call on Thursday, May 9, 2024, at 9 a.m. ET to review results. In addition to the results, the company expects to discuss its outlook and financial guidance and may discuss matters of strategy during the call.
By Vista Outdoor Inc. · Via Business Wire · April 17, 2024
CFIUS Accepts Re-filed Notice for Proposed Sale of The Kinetic Group to CSG
Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) (NYSEVSTO) and Czechoslovak Group a.s. (“CSG”) announced today that they have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor’s The Kinetic Group business (the “Transaction”).
By Vista Outdoor Inc. · Via Business Wire · March 28, 2024
Vista Outdoor Confirms Receipt of Revised Indication of Interest from MNC Capital
Vista Outdoor Inc. (NYSEVSTO) today confirmed that it has received a revised unsolicited indication of interest from MNC Capital (“MNC”) pursuant to which MNC expresses its interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per share (the “Revised MNC Indication”).
By Vista Outdoor Inc. · Via Business Wire · March 25, 2024
Revelyst Announces Acquisition of PinSeeker, a Leading Skill-Based Golf Simulator Competition Platform
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), today announced it has acquired PinSeeker, a Wasserman portfolio company and the leading simulator off-course golf and connectivity app that hosts real-time, virtual, closest-to-the-pin tournaments.
By Vista Outdoor Inc. · Via Business Wire · March 25, 2024
Vista Outdoor Foundation Donates $208,000 to Four Nonprofits
The Vista Outdoor Foundation (the “Foundation”), the philanthropic partner of Vista Outdoor Inc. (NYSEVSTO), today announced the donation of $208,000 to four nonprofit organizations, concluding a multi-year grant commitment. The four nonprofits receiving proceeds are:
By Vista Outdoor Inc. · Via Business Wire · March 18, 2024
Revelyst to Host Investor Day
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), today announced it will host an Investor Day. Revelyst is in the process of separating into a standalone public company, with an expected execution in the second quarter of calendar year 2024. The event will be held on Wednesday, May 29, 2024, at the company’s Adventure Sports headquarters in Irvine, California, with the presentation beginning at 8:30 a.m. PT.
By Vista Outdoor Inc. · Via Business Wire · March 12, 2024
Vista Outdoor Participating in Upcoming Investor Conferences
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced it will participate in two investor conferences in March.
By Vista Outdoor Inc. · Via Business Wire · March 7, 2024
Vista Outdoor Rejects Unsolicited Indication of Interest from MNC Capital
Vista Outdoor Inc. (NYSEVSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”). The Vista Outdoor Board also issued a letter to MNC which is reproduced below.
By Vista Outdoor Inc. · Via Business Wire · March 4, 2024
Vista Outdoor Confirms Receipt of Indication of Interest from MNC Capital
Vista Outdoor Inc. (NYSEVSTO) today confirmed that it has received an unsolicited indication of interest from MNC Capital (“MNC”) pursuant to which MNC expresses its interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
By Vista Outdoor Inc. · Via Business Wire · March 1, 2024
Revelyst Brands Participate in Public Lands Roundtable with Montana Rep. Zinke
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSEVSTO), has joined two of its brands, Simms Fishing Products and Stone Glacier, in support of the Public Lands in Public Hands Act. The proposed legislation, sponsored by Rep. Ryan Zinke, R-Mont., with support from Rep. Gabe Vasquez, D-N.M., would require Congressional approval for disposals of publicly accessible federal land tracts over 300 acres and for public land tracts over five acres if accessible via a public waterway.
By Vista Outdoor Inc. · Via Business Wire · February 20, 2024
Revelyst Outlines Progress on GEAR Up Transformation Plan
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies, today announced an update on its GEAR Up transformation initiative. Revelyst, a segment of Vista Outdoor Inc. (NYSEVSTO), is in the process of separating into a standalone public company, with an expected execution date later this year. As part of this process, Revelyst is working to unlock its potential by directing resources to better meet consumer demand, synergizing and prioritizing strength in supply chain, and doubling down on the equity and innovation of the company’s industry-leading brands.
By Vista Outdoor Inc. · Via Business Wire · February 2, 2024
Vista Outdoor Reports Third Quarter FY24 Financial Results
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today reported financial results for the third quarter of Fiscal Year 2024 (FY24), which ended on December 24, 2023.
By Vista Outdoor Inc. · Via Business Wire · January 31, 2024
Revelyst Announces Chief Human Resources Officer
Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies, today announced the appointment of Joyce Butler as Chief Human Resources Officer. Revelyst, the Outdoor Products division of Vista Outdoor Inc. (NYSEVSTO), is in the process of separating into a standalone public company, with an expected execution date of later this year.
By Vista Outdoor Inc. · Via Business Wire · January 22, 2024
Vista Outdoor to Release Third Quarter Fiscal Year 2024 Financial Results
Vista Outdoor Inc. (“Vista Outdoor”) (NYSEVSTO) today announced plans to report its third quarter fiscal year 2024 financial results on Wednesday, Jan. 31, 2024, after the market closes. Vista Outdoor’s management will host a conference call on Thursday, Feb. 1, 2024, at 9 a.m. EST to review results. In addition to the results, the company expects to discuss its outlook and financial guidance and may discuss matters of strategy during the call.
By Vista Outdoor Inc. · Via Business Wire · January 10, 2024
Vista Outdoor, Sport Dimension Announce License Renewal for Jimmy Styks Brand
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, and water sports products manufacturer Sport Dimension Inc. today announced the renewal of their Jimmy Styks LLC brand license with a global, multi-year partnership. Jimmy Styks, a portfolio brand of Revelyst, the recently renamed Outdoor Products segment of Vista Outdoor, is a stand-up paddleboard (SUP) market leader, dedicated to cutting-edge design and quality manufacturing of SUP products and accessories.
By Vista Outdoor Inc. · Via Business Wire · December 13, 2023
Vista Outdoor and Czechoslovak Group Receive Antitrust Clearance for Proposed Merger
Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSEVSTO) and Czechoslovak Group a.s. (“CSG”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with CSG’s proposed acquisition of Vista Outdoor’s Sporting Products business.
By Vista Outdoor Inc. · Via Business Wire · December 12, 2023
Vista Outdoor Rejects Unsolicited Proposal from Colt CZ
Vista Outdoor Inc. (NYSEVSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected the unsolicited proposal received on November 22, 2023 from Colt CZ Group SE (“Colt CZ”) to combine Colt CZ and Vista Outdoor (the “Colt CZ Proposal”). The Vista Outdoor Board also issued a letter to Colt CZ which is reproduced below.
By Vista Outdoor Inc. · Via Business Wire · November 29, 2023
Vista Outdoor Announces Receipt of Unsolicited Proposal from Colt CZ
Vista Outdoor Inc. (NYSEVSTO) today announced that it has received an unsolicited proposal from Colt CZ Group SE (“Colt CZ”) pursuant to which Colt CZ and Vista Outdoor would be combined in a cash and stock transaction that Colt CZ states would attribute a value of $30 to each share of Vista Outdoor common stock (the “Colt CZ Proposal”).
By Vista Outdoor Inc. · Via Business Wire · November 22, 2023
Revelyst Unveils 2023 Holiday Gift Guide – the ‘Revelyst Lyst’
Revelyst, a collective of makers that design and manufacture performance gear and precision technologies, today introduced the “Revelyst Lyst” just in time for holiday shopping. The Revelyst Lyst is a curated, seasonal gift guide that features the hottest and most innovative products in precision sports and technology, adventure sports and outdoor performance from the company’s house of maker brands.
By Vista Outdoor Inc. · Via Business Wire · November 20, 2023
Vista Outdoor Participating in Upcoming Investor Conferences
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced it will participate in two investor conferences in December.
By Vista Outdoor Inc. · Via Business Wire · November 17, 2023
Vista Outdoor Reports Second Quarter FY24 Financial Results
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today reported financial results for the second quarter of Fiscal Year 2024 (FY24), which ended on September 24, 2023.
By Vista Outdoor Inc. · Via Business Wire · November 1, 2023
Vista Outdoor Announces General Counsel for Revelyst
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced that Jung Choi will serve as General Counsel and Corporate Secretary for Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company. Her appointment is effective Oct. 23. Until the completion of the separation, Choi will serve as Co-General Counsel of Vista Outdoor, with responsibility for the Outdoor Products segment.
By Vista Outdoor Inc. · Via Business Wire · October 23, 2023
Vista Outdoor Announces CFO for Revelyst
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, this week announced that Andy Keegan, currently Vice President and interim Chief Financial Officer of Vista Outdoor, will serve as CFO of Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company. Keegan will continue to serve as Vice President and interim CFO of Vista Outdoor until completion of the separation.
By Vista Outdoor Inc. · Via Business Wire · October 19, 2023
Vista Outdoor to Release Second Quarter Fiscal Year 2024 Financial Results
Vista Outdoor Inc. (“Vista Outdoor”) (NYSEVSTO) today announced plans to report its second quarter fiscal year 2024 financial results on Wednesday, Nov. 1, 2023, after the market closes. Vista Outdoor’s management will host a conference call on Thursday, Nov. 2, 2023, at 9 a.m. EDT to review results. In addition to the results, the company expects to discuss its outlook and financial guidance and may discuss matters of strategy during the call.
By Vista Outdoor Inc. · Via Business Wire · October 16, 2023
Vista Outdoor Enters into Definitive Agreement to Sell Sporting Products Business to Czechoslovak Group for $1.91 Billion
Vista Outdoor Inc. (NYSEVSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions. This transaction represents the next step in Vista Outdoor’s plan to split the company into separate entities, which was previously announced on May 5, 2022.
By Vista Outdoor Inc. · Via Business Wire · October 16, 2023
Vista Outdoor Announces Name for Outdoor Products Segment
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced the name and identity of its Outdoor Products segment following a planned separation.
By Vista Outdoor Inc. · Via Business Wire · October 5, 2023
Vista Outdoor to Host Investor Day
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, will host an Investor Day for institutional investors and analysts. The event will be held on Thursday, Oct. 19, 2023, at the Intercontinental New York Barclay, with the presentation beginning at 9 a.m. (EDT).
By Vista Outdoor Inc. · Via Business Wire · September 26, 2023
Vista Outdoor Announces Public Filing of Form 10 Registration Statement
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today publicly filed its Form 10 registration statement with the Securities and Exchange Commission (SEC). The filing was made in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies. The company is on track to execute the plan in calendar 2023.
By Vista Outdoor Inc. · Via Business Wire · September 5, 2023
Vista Outdoor’s Sporting Products Announces New Name as Company Separation Nears
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced its new name and identity that will be effective following the planned spinoff of Vista Outdoor’s Outdoor Products business.
By Vista Outdoor Inc. · Via Business Wire · August 10, 2023
Vista Outdoor Appoints CFO and General Counsel for Sporting Products Company
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced its Board of Directors has made two appointments for the company’s Sporting Products Company following the spinoff of Vista’s Outdoor Products business.
By Vista Outdoor Inc. · Via Business Wire · July 28, 2023
Vista Outdoor Reports First Quarter FY24 Financial Results
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today reported financial results for the first quarter of Fiscal Year 2024 (FY24), which ended on June 25, 2023.
By Vista Outdoor Inc. · Via Business Wire · July 26, 2023
Vista Outdoor Appoints Eric Nyman as CEO of Outdoor Products Segment
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced its Board of Directors has appointed Eric Nyman as CEO of the company’s Outdoor Products segment and a member of the board, effective Aug. 21.
By Vista Outdoor Inc. · Via Business Wire · July 21, 2023
Vista Outdoor Appoints Jordan Judd as President, Simms Fishing Products
Vista Outdoor Inc. (NYSEVSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced it has appointed Jordan Judd as president of its Bozeman, Montana-based brand Simms Fishing Products, effective Aug. 1.
By Vista Outdoor Inc. · Via Business Wire · July 10, 2023