Czechoslovak Group, a Czech industrial-technological holding company, agreed to acquire the Sporting Products business of Vista Outdoor, an American designer, manufacturer, and marketer of outdoor sports and recreation products, for $1.91bn. "This is an important strategic step for our company in creating value through separating our Outdoor Products and Sporting Products segments. The previously announced plan to separate our businesses has positioned us to execute seamlessly on this transaction, which we believe is the best path to maximize value for our stockholders, while better positioning Sporting Products and Outdoor Products for future success," Gary McArthur, Vista Outdoor Interim CEO.