Articles from Czechoslovak Group

Czechoslovak Group ("CSG" or the “Company”), a leading global industrial holding company, today reaffirmed its commitment to successfully completing the transaction with Vista Outdoor Inc. (NYSEVSTO) ("Vista Outdoor") to acquire The Kinetic Group for $2.15 billion and invest $150 million in Revelyst (the “CSG Transaction”).

The Czechoslovak Group (“CSG”) owner and CEO Michal Strnad today sent an open letter to U.S. Senator J.D. Vance (R-OH) addressing concerns he raised in a letter to U.S. Treasury Secretary Janet Yellen in connection to CSG’s proposed acquisition of Vista Outdoor Inc.’s (NYSEVSTO) (“Vista Outdoor”) Sporting Products business – recently renamed The Kinetic Group.

The Czechoslovak Group (“CSG”) today issued a statement reaffirming its commitment to the proposed all-cash acquisition (the “Acquisition”) of Vista Outdoor Inc.’s (NYSEVSTO) (“Vista Outdoor”) Sporting Products business – recently renamed The Kinetic Group – for a total consideration of $1.91 billion, with fully committed financing from leading U.S. bank JP Morgan Chase. CSG also highlighted the benefits of its planned Acquisition:

The Czechoslovak Group (“CSG”) announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSEVSTO) (“Vista Outdoor”) Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs. CSG will partner with the existing management to pursue the continued growth path envisaged for the Sporting Products business over the coming years.