Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today announced that it will adjourn the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”) to 9:00 am (Central Time) on October 9, 2024. The Company remains in active discussions with CSG and the private equity firm partnered with MNC Capital (the “Private Equity Firm”), separate and apart from MNC, to potentially reach an agreement with respect to the sale of Revelyst.
Vista Outdoor notes that October 9th is the last possible date for the Company to hold the special meeting ahead of the termination date in the merger agreement with CSG of October 15th.
The Board remains committed to maximizing value for Vista Outdoor stockholders and will continue to take all actions to achieve this objective.
The Board of Directors unanimously recommends Vista Outdoor stockholders vote “FOR” the CSG Transaction at the upcoming special meeting of stockholders, which will be held at 9:00 am (Central Time) on October 9, 2024.
Vista Outdoor stockholders who need assistance completing the proxy card, need additional copies of the proxy materials or have questions regarding the upcoming meeting may contact the Company’s proxy solicitor, Innisfree M&A Incorporated at +1 (877) 750-9499 (toll free) or +1 (212) 750-5833 (banks and brokers).
Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor. Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.
About Vista Outdoor Inc.
Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fox Racing, Bell Helmets, Camp Chef, Giro, Simms Fishing, QuietKat, Stone Glacier, Federal Ammunition, Remington Ammunition and more. Our reporting segments, Outdoor Products and Sporting Products, provide consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. For news and information, visit our website at www.vistaoutdoor.com
