Vista Outdoor Sells Revelyst for $1.125 Billion

Vista Outdoor has announced a significant restructuring, opting to sell its outdoor products segment, Revelyst, to Strategic Value Partners (SVP) for $1.125 billion, while simultaneously agreeing to sell its ammunition division, Kinetic, to Czechoslovak Group (CSG) for $2.225 billion. This combined transaction values Vista at approximately $3.35 billion, translating to $45 per share, surpassing a rival bid of $43 per share from MNC Capital, which Vista's board rejected. The deals are contingent on regulatory approvals and are expected to close by January 2025. Analysts suggest that the Revelyst deal is at the higher end of its potential valuation, and the board is confident that shareholders will favor the transaction. Vista's chairman emphasized the board's commitment to maximizing shareholder value through these strategic sales, which follow a series of unsuccessful takeover attempts over recent months. The acquisition aligns with Revelyst's strategy to enhance its market presence through innovative outdoor products.