Vista Outdoor Shareholders Overwhelmingly Approve CSG Deal
Nearly 98% of ballots cast at VSTO’s special meeting of shareholders were in favor of selling its Kinetic Group to Czechoslovak Group, the company reported following this morning’s vote. The votes represented more than 82% of all outstanding shares. After nearly a year of negotiations and alternative proposals from multiple bidders, CSG’s final offer was $25.75 in cash for Vista’s ammunition segment, which includes Remington, Federal, CCI, and other brands. After so many delays, and with all regulatory approvals having long since been received, the two companies will move quickly to ... Log in to view full article.