Gates Capital opposes Vista Outdoor's $2.15B Kinetic Group sale to CSG, advocating for an all-cash deal.
Gates Capital Management, which holds 9.6% of Vista Outdoor Inc., opposes the sale of The Kinetic Group to Czechoslovak Group (CSG) for $2.15 billion. The firm advocates for an all-cash deal for the entire company, aligning with Institutional Shareholder Services' recommendation against the current proposal. CSG remains committed to the acquisition and has urged Vista shareholders to vote in favor, while Vista has postponed its shareholder meeting amid negotiations regarding Revelyst.
September 24, 2024
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