In a surprise announcement, VSTO said it will not split its sporting products and outdoor businesses into two public companies, instead selling off the ammunition segment to Czech conglomerate, Czechoslovak Group a.s. for $1.91 billion in cash. Sporting Products will operate as an independent subsidiary of CSG’s defense portfolio, and continue to be led by the current team of Jason Vanderbrink as CEO, Al Kerfeld as CFO and Jeff Ehrich as general counsel and corporate secretary. The deal puts a valuation on the sporting products segment of about 5X its enterprise ... Log in to view full article.