ANOKA, Minn., April 23, 2024--Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), 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 accele

Vista Outdoor said Monday it had advised MNC Capital to up its bid to acquire the company as MNC looks to beat out a merger deal between Vista and Czechoslovak Group. Anoka, Minn.-based Vista said it had provided MNC with certain non-public information, as allowed under its merger with Czech defense company CSG. Vista said it was in discussions with MNC and had advised the firm that it expects to receive a higher offer.

Shares of Vista rose 5% in early trading. MNC Capital had in March raised its all-cash bid to acquire Vista to $37.50 per share, or $3 billion, after the company turned down its earlier offer of $2.90 billion. Vista is already in talks to sell its sporting goods unit, which includes its ammunition business, to privately held Czech defense and civil manufacturing company Czechoslovak Group (CSG) in a $1.91 billion deal.

Vista Outdoor said on Monday it was engaging in discussions with investment firm MNC Capital for a better deal than its all-cash offer to acquire the sporting and outdoor products maker for $3 billion. MNC Capital had in March raised its all-cash bid to acquire Vista to $37.50 per share, or $3 billion, after the company turned down its earlier offer of $2.90 billion. Vista is already in talks to sell its sporting goods unit, which includes its guns and ammunition business, to privately-held Cz...

ANOKA, Minn., April 22, 2024--Vista Outdoor Inc. ("Vista Outdoor" or the "Company") (NYSE: VSTO) 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 dilig

ANOKA, Minn., April 17, 2024--Vista Outdoor announced plans to report its fourth-quarter and full-year fiscal 2024 financial results on May 8, 2024, after the market closes.

PRAGUE, April 16, 2024--The Czechoslovak Group ("CSG") owner and CEO Michal Strnad today sent an open letter to U.S. Senator J.D. Vance (R-OH) addressing concerns he raised in a letter to U.S. Treasury Secretary Janet Yellen in connection to CSG’s proposed acquisition of Vista Outdoor Inc.’s (NYSE: VSTO) ("Vista Outdoor") Sporting Products business – recently renamed The Kinetic Group.

Michal Strnad, who a decade ago became head of CSG, a family defence business, is closing in on buying U.S. ammunitions maker Kinetic Group that will transform a company that started by buying tanks for scrap into a key player in the global arms market. But first Strnad, the 31-year old Czech, owner and chairman of the Czechoslovak Group (CSG) -- a large supplier to Ukraine -- needs to fend off a rival offer for Kinetic parent Vista Outdoor to get control of around 20 percent of the West's smal...

Michal Strnad, who a decade ago became head of CSG, a family defence business, is closing in on buying U.S. ammunitions maker Kinetic Group that will transform a company that started by buying tanks for scrap into a key player in the global arms market. But first Strnad, the 31-year old Czech, owner and chairman of the Czechoslovak Group (CSG) -- a large supplier to Ukraine -- needs to fend off a rival offer for Kinetic parent Vista Outdoor to get control of around 20 percent of the West's smal...

Czechoslovak Group (CSG) more than doubled core earnings in 2023 and forecast continued strong demand for its heavy military equipment and large-caliber ammunition as countries ramp up defence spending amid war in Ukraine and elsewhere. Since Russia's full-scale invasion of Ukraine in 2022, the Czech defence and industrial manufacturer has raised large-caliber ammunition production several-fold. "We are really facing high demand," CSG Chief Financial Office Zdenek Jurak said on Wednesday.