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Vista Outdoor Board Unanimously Recommends CSG Transaction; Enters Amendment To CSG Merger Agreement As Cash Consideration Increased To $21/Share

Author: Benzinga Newsdesk | July 08, 2024 06:05am

CSG increases the purchase price payable by CSG for the acquisition of The Kinetic Group business by $100 million to $2.1 billion. The amendment also increases the cash consideration payable to Vista Outdoor stockholders by $3.00 per share of Vista Outdoor common stock to $21.00 in cash.

The special meeting of Vista Outdoor stockholders to, among other things, vote on a proposal to adopt the merger agreement with CSG, is scheduled to be held virtually on July 23, 2024, at 9:00 a.m. Central Time.

Vista Outdoor Board rejects MNC's Final Indication as Inadequate and Opportunistic, Particularly in its Undervaluation of Revelyst.

 

 

Posted In: VSTO

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