Vista Outdoor Confirms Czechoslovak Group Increased Purchase Prove For Kinetic Group Business By $50M To $1.96B
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor has confirmed that the Czechoslovak Group has increased its purchase price for the Kinetic Group business by $50 million, bringing the total to $1.96 billion.
May 28, 2024 | 11:54 am
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Vista Outdoor has confirmed that the Czechoslovak Group has increased its purchase price for the Kinetic Group business by $50 million, bringing the total to $1.96 billion.
The increase in the purchase price by $50 million indicates a higher valuation for the Kinetic Group business, which could be seen as a positive development for Vista Outdoor. This could lead to a short-term increase in VSTO's stock price.
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