Vista Outdoor Inc. (VSTO) has disclosed an agreement to sell Revelyst to Strategic Value Partners (SVP) through an all-cash deal valued at an enterprise price of $1.125 billion. The transaction is projected to conclude by January 2025. Upon finalization of the SVP transaction, SVP will disburse Revelyst stockholders $19.25 in cash for each share of Revelyst common stock held.
Additionally, Vista Outdoor has revised its merger agreement with Czechoslovak Group a.s. (CSG) for the acquisition of The Kinetic Group. The updated terms raise the purchase price for The Kinetic Group to $2.225 billion. Both CSG and Vista Outdoor have consented to extend the expiration date of the merger agreement to December 11, 2024.
Upon the closing of the CSG agreement, stakeholders of Vista Outdoor will receive $25.75 in cash per Vista Outdoor share and one share of Revelyst common stock for each share of Vista Outdoor common stock they own.
Combined, the transactions with CSG and SVP signify an enterprise value of $3.35 billion and are anticipated to yield approximately $45 per share in cash to Vista stockholders.
Following the announcement of these transactions, Vista Outdoor will postpone the special stockholders' meeting that was originally planned for October 9, 2024.