VSTO’s sale of the Kinetic Group ammunition business to Czechoslovak Group will go before shareholders in a special meeting next week on July 23, but two large institutional investors are vociferously against the deal. Last month proxy advisor Institutional Shareholder Services rescinded its recommendation for approving the transaction, and now advises shareholders to abstain from voting in favor. Now, investment funds TIG Advisors and Gates Capital Management have each issued news releases outlining why they won’t be voting their shares in favor of the sale to CSG.

TIG Advisors owns 532,000 VSTO ... Log in to view full article.