Vista Outdoor released its preliminary fiscal Q1 results and reaffirmed its full year guidance, while Czechoslovak Group upped its offer to buy the Kinetic Group to $2.15 billion and MNC Capital said it would consider making a tender offer to VSTO shareholders.

Revenue from the wholesale branded segment, which counts Fjällräven, Tierra, Royal Robbins and others, declined 8% to €35.0 million ($37.6 mm) from €38.2 million in the second quarter, weighed down by retailer destocking and lower reorders in Europe.

The UK-based retailer and Finish Line parent saw its $1.1 billion deal to acquire Hibbett Sports clear its final hurdle as shareholders overwhelmingly approved the merger at a special meeting held on Jul. 19.