Vista Outdoor Finds Buyer For Revelyst
The VSTO board has stamped a deal for the Revelyst outdoor business that would set up a tandem sale of both operating segments for a combined $3.35 billion, valuing the combined sales of Revelyst and the Kinetic Group at $45 per share. Strategic Value Partners, LLC has agreed to purchase Revelyst in an all-cash transaction for $1.125 billion after the Czechoslovak Group picks up the Kinetic Group ammunition business for a further increased price of $2.225 billion. This would provide shareholders $25.75 in cash per share for Kinetic and $19.25 for ... Log in to view full article.