Czechoslovak Group to acquire the Sporting Products business of Vista Outdoor for $2.225bn.

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 $2.225bn. “We look forward to creating long-term value at The Kinetic Group as part of the CSG portfolio. The Kinetic Group has a deep heritage of delivering high-quality, innovative products and we will provide significant resources, investment and expertise to continue growing the business and serving its customers with leading ammunition products. We are confident CSG’s acquisition of the Kinetic Group is the best outcome for Vista Outdoor stockholders, employees of the Company and the American economy,” Michal Strnad, CSG CEO and Owner. On May 28, 2024, the offer price was raised from $1.91bn to $1.96bn. On June 24, 2024, the offer price was raised from $1.96bn to $2bn. On July 22, 2024, the offer price was raised from $2bn to $2.15bn. On October 4, 2024, the offer price was raised from $2.15bn to $2.225bn.