CSG Increases Offer for Vista’s Kinetic Group, Offers to Buy Some of Revelyst

On the heels of the back and forth between Vista Outdoor and MNC Capital, CSG has increased their offer to Vista. In addition to buying the Kinetic Group from Vista, they will spend $150 million for 7.5% of Revelyst, which is the business unit where Camp Chef resides.

It appears that Vista would prefer to deal with CSG, and this is a creative way to try to make the offer better to shareholders. By agreeing to spend $150 million for 7.5% of Revelyst it establishes a market value of $2 billion for the company.