In news that was expected, Vista Outdoor rejected MNC Capital’s latest offer. Their Board instead recommended progressing with CSG’s latest offer. In one twist though, they have engaged with a private equity firm to possibly buy Revelyst.
Revelyst Sale
Vista Outdoor holds their shooting brands in a company called the Kinetic Group, which is what they have been working to sell to CSG. Their other outdoor brands like Camp Chef are housed in a company called Revelyst, which they had planned to take public after selling the Kinetic Group.
