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Czechoslavik Group makes new $2B offer for Vista Outdoor ammunition unit

Posted on AllSides June 24th, 2024
From The Left

The tug-of-war for the future of Vista Outdoor continued Monday, with the Czechoslovak Group (CSG) raising its bid for a second time for the ammunition group, this time to $2 billion. The Prague-based industrial holding company announced the new offer Monday for Vista's Anoka-based ammunition business that includes Federal, Remington, Speer, CCI and other brands. Shareholders were set to vote July 2 on CSG's offer of $1.91 billion, made in October after months of a competitive bidding process in which Vista and its consultants had identified 26 potential bidders. CSG...

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