Vista Outdoor And Czechoslovak Group Secure Antitrust Clearance For Proposed Merger
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor and Czechoslovak Group have received antitrust clearance for their proposed merger. The deal is anticipated to close in 2024, pending further regulatory approvals, including from the Committee on Foreign Investment in the United States, approval from Vista Outdoor's stockholders, and other customary closing conditions.
December 12, 2023 | 12:31 pm
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Vista Outdoor Inc. has received antitrust clearance for its proposed merger with Czechoslovak Group, moving closer to finalizing the deal by 2024, subject to additional regulatory and stockholder approvals.
The antitrust clearance is a significant step towards the completion of the merger, which is a positive development for Vista Outdoor. However, the deal still requires further approvals, which introduces some uncertainty. The news is likely to be viewed positively by investors in the short term, as it indicates progress in the merger process.
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