Czechoslovak Group, which has offered $2.15 billion for Vista Outdoor’s Kinetic Group ammunition business, added another $150 million to the pot for shareholders, offering to pay that sum for 7.5% of a standalone Revelyst once its acquisition of Kinetic was complete. That would put another $4 per share in the pockets of VSTO shareholders, raising the cash consideration payable to a total of $28 per share. Vista said Revelyst is also planning a $50 million share buyback program after the sale closes.

In a release, the Vista board said that CSG’s latest ... Log in to view full article.