Czechoslovak Group Reaffirms $1.91B All Cash Acquisition Of Vista Outdoor
Portfolio Pulse from Benzinga Newsdesk
Czechoslovak Group (CSG) has reaffirmed its $1.91 billion all-cash acquisition of Vista Outdoor (VSTO), with financing fully committed by JP Morgan Chase. CSG, a significant NATO supplier with top security clearance, operates ammunition facilities in Arkansas and Missouri, acquired in 2022 with CFIUS approval. The transaction has received FTC antitrust clearance.
April 08, 2024 | 12:32 pm
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Vista Outdoor is being acquired by Czechoslovak Group in a $1.91 billion all-cash deal, with JP Morgan Chase providing fully committed financing.
The reaffirmation of the acquisition by CSG, backed by solid financing from JP Morgan Chase, and the clearance from regulatory bodies like the FTC, positions Vista Outdoor (VSTO) positively in the short term. The acquisition not only highlights the company's value but also its strategic importance in the defense sector, potentially leading to a positive investor sentiment and an uptick in VSTO's stock price.
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