Just before Thanksgiving Day, Colt CZ Group offered to buy Vista Outdoor for ~$1.74 billion ($30 per share). Colt CZ currently also owns a 2.4% equity stake in Vista.
As you may recall, Vista announced last month that Czechoslovak Group had offered to purchase the sporting elements of the business which deal with ammunition, for $1.91 billion.
Once the sale is completed, the remaining outdoor products group would be renamed Revelyst.
By Eric Graves
Editor
Wild. First Sciens Capital gutted and bankrupted Colt. Remains were sold to CZ who is now purchasing 7 ammunition manufacturing companies, some military adjacent companies, and huge slice of the outdoor/hunting industry lead companies. Who thinks manufacturing for Simms and Stone Glacier will remain stateside?