Vista Outdoor’s Board issues open letter to Vista Outdoor stockholders

Vista Outdoor Inc.’s Board of Directors issued an open letter to Vista Outdoor stockholders in connection with its upcoming Special Meeting of Stockholders on July 23. The letter included: “As the upcoming Special Meeting is fast approaching, we believe you all deserve to have a clear understanding of the robust process we underwent to extract tremendous value for The Kinetic Group on behalf of our stockholders and why we are confident this is the best choice for our stockholders by locking in the $2.1B dollar value of The Kinetic Group and providing our stockholders the opportunity to participate in Revelyst’s projected growth and margin expansion.”A VOTE “FOR” CSG TRANSACTION WILL DELIVER COMPELLING VALUE FOR STOCKHOLDERS AND CERTAINTY TO CLOSE”, “A VOTE AGAINST THE CSG TRANSACTION DOES NOT MEAN WE WILL NEGOTIATE WITH MNC CAPITAL”, and ended “At Vista Outdoor’s upcoming Special Meeting on July 23, 2024, you will be asked to make an important decision regarding the future of your investment. The Board of Directors unanimously recommends that you vote “FOR” the CSG Transaction. We firmly believe this transaction provides compelling value and is in the best interest of all Vista Outdoor stockholders.”