Vista Outdoor Sells Sporting Products, Lowers Outdoor Products Guidance

Previously, Vista Outdoor was on a path to split their business into two publicly traded companies at the end of the month. Today, they announced a curve ball in those plans, with a sale of their Sporting Products division.

Impact on Outdoor Products

Vista Outdoor has entered into a definitive agreement to sell their Sporting Products division to a leading Czech industrial group for $1.91 billion. They are going to split the company as previously discussed, but now just the Outdoor Products division (recently named Revelyst) will be a public company.