Vista Outdoor Closes Kinetic Sale
VSTO moved quickly to consummate the divestiture of its ammunition business to Czechoslovak Group after shareholders approved the sale by a huge margin on Monday, signing the deal this morning. Simultaneously, Vista Outdoor and its Revelyst outdoor products division entered into a separation agreement, making Revelyst a stand-alone company. After the deal closed, Vista used some of the $2.15 billion cash purchase price to immediately redeem its $500 million in 4.500% Senior Notes due 2029 at a price equal to ... Log in to view full article.