Vista Outdoor Inc. (NYSE:VSTO) disclosed an amendment to its merger agreement with Czechoslovak Group a.s., which increases the purchase price payable by CSG for the acquisition of The Kinetic Group business by $100 million to $2.1 billion.
The amendment also raises the cash consideration for Vista Outdoor stockholders to $21.00 per share of Vista Outdoor common stock, an increase of $3.00 per share.
According to the amended agreement, Vista Outdoor stockholders will receive one share of Revelyst common stock and $21.00 in cash per share of Vista Outdoor shares at the closing of the CSG transaction.
Vista Outdoor and CSG have obtained all necessary regulatory approvals under ...