Vista Outdoor Enters Into Definitive Agreement To Sell Sporting Products Business To Czechoslovak Group For $1.91B
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor Inc. (NYSE:VSTO) has announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion. The transaction is part of Vista Outdoor's plan to split the company into separate entities. The deal is expected to close in 2024. Vista Outdoor also provided a preview of its Q2 2024 financial results and revised its FY24 guidance.
October 16, 2023 | 12:06 pm
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Vista Outdoor's sale of its Sporting Products business to CSG for $1.91 billion is a significant move in its plan to split the company. The deal is expected to close in 2024.
The sale of Vista Outdoor's Sporting Products business to CSG is a significant step in its plan to split the company into separate entities. This could potentially impact the company's stock price, but the exact impact is uncertain until the deal closes in 2024.
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