Why Is Vista Outdoor Stock Surging Today?
Why Is Vista Outdoor Stock Surging Today?
Vista Outdoor Inc. (NYSE:VSTO) shares are trading higher premarket on Monday after the company inked a deal to sell Revelyst to Strategic Value Partners (SVP) for $1.125 billion in cash.
紐交所的vista outdoor股票在週一盤前交易上漲,因爲公司與惠理集團達成協議,以11.25億現金出售Revelyst。
Additionally, Vista amended its merger agreement with Czechoslovak Group (CSG) to acquire The Kinetic Group, increasing the purchase price to $2.225 billion.
此外,vista修改了與Czechoslovak Group(CSG)的合併協議,以更換The Kinetic Group並增加購買價格至22.25億。
The SVP transaction is contingent on the completion of the CSG transaction.
惠理集團的交易取決於Czechoslovak Group交易的完成。
Combined, the two deals value Vista Outdoor at $3.35 billion and are expected to deliver approximately $45 per share in cash to Vista Outdoor stockholders.
綜合考慮,這兩筆交易將vista outdoor估值達33.5億美元,預計將向vista outdoor股東提供約每股45美元的現金。
Vista Outdoor's Board has unanimously approved the SVP transaction, expected to close by January 2025, contingent on completing the CSG transaction, regulatory approvals, and standard conditions.
vista outdoor董事會一致批准了惠理集團交易,預計將於2025年1月關閉,前提是完成Czechoslovak Group交易、獲得監管批准和滿足標準條件。
Vista and CSG have received all required regulatory approvals and are set to close by year-end 2024, pending stockholder approval.
vista和CSG已獲得所有必要的監管批准,並計劃在2024年年底前完成,待股東批准。
Both parties agreed to extend the termination date of the CSG merger agreement to December 11, 2024.
雙方同意將CSG合併協議的終止日期延長至2024年12月11日。
At closure, CSG will pay $2.225 billion, with potential price adjustments, and Vista Outdoor stockholders will receive $25.75 in cash per share, plus one share of Revelyst common stock for each Vista Outdoor share.
在完成交易時,CSG將支付22.25億,可能有價格調整,並且vista outdoor股東將每股獲得25.75美元現金,以及每份vista outdoor股票換髮一股Revelyst普通股。
After the SVP transaction closes, SVP will pay Revelyst stockholders a total of $1.125 billion, subject to net cash adjustments, estimated at $19.25 per Revelyst share based on current net cash estimates at the time of closing.
在SVP交易結束後,SVP將向Revelyst股東支付總額11.25億美元,根據交易結束時的淨現金估計進行現金調整,每股Revelyst股票估計爲19.25美元。
As part of the SVP and CSG transactions, Vista Outdoor, CSG, and SVP have agreed to amend the existing separation agreement related to the split of The Kinetic Group and Revelyst.
作爲SVP和CSG交易的一部分,vista outdoor,CSG和SVP已同意修改與The Kinetic Group和Revelyst分拆相關的現有分家協議。
Additionally, CSG will no longer invest in Revelyst upon the closing of the CSG transaction. As of June 30, Vista Outdoor had net debt of $579 million.
此外,CSG將不再在CSG交易結束後投資Revelyst。截至6月30日,vista outdoor的淨債務爲57900萬美元。
Investors can gain exposure to the VSTO via VictoryShares Small Cap Free Cash Flow ETF (NASDAQ:SFLO) and EA Bridgeway Omni Small-Cap Value ETF (NASDAQ:BSVO).
投資者可以通過VictoryShares Small Cap Free Cash Flow ETF(納斯達克:SFLO)和EA Bridgeway Omni Small-Cap Value ETF(納斯達克:BSVO)獲得對VSTO的曝光。
Price Action: VSTO shares are up 9.19% at $43.50 premarket at the last check Monday.
股價走勢:VSTO股價上漲9.19%,報43.50美元,最新一次查看是週一盤前。
Image via Shutterstock
圖片來自shutterstock。
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譯文內容由第三人軟體翻譯。