Vista Outdoor Increases Purchase Price in CSG Merger Agreement By $50M to $2.15B
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor has increased the purchase price in its merger agreement with CSG by $50 million to $2.15 billion. Additionally, Vista Outdoor will return approximately $125 million in cash to its stockholders, increasing the cash consideration to $24.00 per share. The CSG Transaction is expected to deliver $430 million in additional value to stockholders.
July 22, 2024 | 10:02 am
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Vista Outdoor has increased the purchase price in its merger agreement with CSG by $50 million to $2.15 billion. Additionally, Vista Outdoor will return approximately $125 million in cash to its stockholders, increasing the cash consideration to $24.00 per share. This move is expected to deliver $430 million in additional value to stockholders.
The increase in the purchase price and additional cash return to stockholders significantly enhances the value proposition for Vista Outdoor's stockholders. This is likely to positively impact the stock price in the short term as investors react to the improved terms of the CSG Transaction.
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