CSG urges Vista Outdoor stockholders to vote for $2.15B Kinetic Group deal

Czechoslovak Group or CSG, anindustrial holding company reaffirmed its commitment to successfully completing the transaction with Vista Outdoor to acquire The Kinetic Group for $2.15 B and invest $150M in Revelyst or CSG Transaction. CSG urges all Vista Outdoor stockholders to vote in favor of the CSG Transaction at Vista Outdoor’s October 9th special meeting. CSG will not agree to any further adjournment of the Vista Outdoor special meeting and reiterates that October 9th is the last possible date for Vista Outdoor to hold its special meeting of stockholders ahead of the October 15th termination date in the merger agreement. Michal Strnad, Chief Executive Officer and the owner of CSG, commented, “We are committed to executing our fully financed transaction with Vista Outdoor, which we believe maximizes value for Vista Outdoor stockholders. With the October 15th termination date for the transaction fast approaching, the upcoming October 9th special meeting will be the last and final opportunity for Vista Outdoor stockholders to vote to receive $2.15 billion in cash value for The Kinetic Group and shares of Revelyst – in which CSG has committed to invest $150 million for a 7.5% stake.” …”We remain open minded and are working in good faith with the Private Equity Firm and Vista Outdoor to see if a mutually beneficial outcome can be achieved; however, we continue to have serious concerns with the Private Equity Firm’s latest proposal. While we will continue to engage with the Private Equity Firm, there remain notable challenges that need to be overcome.”