CSG increases purchase price for The Kinetic Group to $2B

Vista Outdoor announced that, on June 23, 2024, it entered into an amendment to the merger agreement with Czechoslovak Group, CSG. The amended agreement further increases the base purchase price payable by CSG for the acquisition of The Kinetic Group business by $40 million from $1.96 billion to $2 billion and increases the cash consideration payable to Vista Outdoor stockholders by $2.00 per share of Vista Outdoor common stock from $16.00 to $18.00 in cash, a 12.5% increase. Based on the amended merger agreement with CSG, Vista Outdoor stockholders will receive at the closing of the CSG Transaction, per share of Vista Outdoor common stock, one share of Revelyst common stock and $18.00 in cash. Vista Outdoor is confident that the CSG Transaction will maximize value for our stockholders by: Providing for a $2 billion purchase price, representing a $90 million increase from the original $1.91 billion purchase price, Allowing stockholders to benefit directly from additional excess cash generated by the Company prior to closing, Delivering $18.00 in cash consideration per share at closing, representing a $5.10 increase from the original cash consideration of $12.90 per share, and Enabling stockholders to capture the long-term intrinsic value that is embedded in Revelyst’s business plan as a standalone public company