The company said, “Given the recently announced sale of both The Kinetic Group and Revelyst businesses we have elected to withdraw our full year Fiscal Year 2025 guidance. Upon the sale of The Kinetic Group, that is expected to close prior to year-end 2024, Revelyst will become a publicly traded company under the stock ticker GEAR. The Revelyst sale to SVP is contingent on the completion of the CSG transaction and is expected to close by the end of January 2025 at which point Revelyst will become a privately held company. We are excited for the future of both companies under new strategic ownership.”
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VSTO:
- Vista Outdoor reports Q2 adjusted EPS $1.03, consensus 95c
- VSTO Earnings this Week: How Will it Perform?
- Vista Outdoor downgraded to Neutral from Buy at Monness Crespi
- Vista Outdoor to sell Revelyst for $1.125B, amends agreement to acquire Kinetic
- CSG urges Vista Outdoor stockholders to vote for $2.15B Kinetic Group deal