Vista Outdoor says Glass Lewis recommends vote for proposed Kinetic sale

Vista Outdoor announced that independent proxy advisory firm Glass Lewis & Co. recommends stockholders vote “FOR” the proposed sale of Vista Outdoor’s The Kinetic Group business to Czechoslovak Group a.s. Vista Outdoor’s special meeting of stockholders is scheduled to be held on July 23. Vista Outdoor issued the following statement: “The support of Glass Lewis reaffirms our conviction that the pending transaction with CSG is in the best interest of Vista Outdoor stockholders. Glass Lewis shares our confidence in the compelling benefits of the transaction with CSG and the significant value of CSG’s increased offer to stockholders. In addition, Glass Lewis recognizes the successful execution of our strategic initiatives would drive enhanced value at Revelyst and achieve our stated goals. We urge our stockholders to vote for the proposal to adopt the transaction with CSG at the upcoming special meeting of stockholders.”