From Seeking Alpha in todays stock news!
"Shares of Vista Outdoor (NYSE:VSTO) plummeted 17% after the company agreed to sell its sporting products business to Czechoslovak Group a.s. for an enterprise value of $1.91B in an all-cash transaction. The transaction will separate the outdoor products business from the sporting products business, and CSG will merge one of its subsidiaries with Vista Outdoor. The transaction is expected to close in 2024"
Looks like all the ammunition related business is going!
However my understanding from another article is the headquarters will stay in Anoka Minnesota.
Looks like Vista will keep all the garbage brands that they probably do all off-shore manufacturing!
"Shares of Vista Outdoor (NYSE:VSTO) plummeted 17% after the company agreed to sell its sporting products business to Czechoslovak Group a.s. for an enterprise value of $1.91B in an all-cash transaction. The transaction will separate the outdoor products business from the sporting products business, and CSG will merge one of its subsidiaries with Vista Outdoor. The transaction is expected to close in 2024"
Looks like all the ammunition related business is going!
However my understanding from another article is the headquarters will stay in Anoka Minnesota.
Looks like Vista will keep all the garbage brands that they probably do all off-shore manufacturing!
