Vista Outdoor Inc

NYSE:VSTO   3:59:10 PM EDT
+1.13 (+3.11%)
Debt Financing / Related, Share Repurchases, Other Pre-Announcement

Vista Outdoor Names Successful Bidder In Bankruptcy Auction To Acquire Remington Ammunition And Accessories Assets

Published: 09/28/2020 11:21 GMT
Vista Outdoor Inc (VSTO) - Vista Outdoor Named Successful Bidder in Bankruptcy Auction to Acquire Remington Ammunition and Accessories Assets.
Vista Outdoor Inc - Vista Outdoor Has Agreed to Pay a Gross Purchase Price of $81.4 Million for Assets to Be Acquired.
Vista Outdoor Inc - Expects Transaction to Be Accretive to Earnings, Excluding Transaction and Transition Costs, in Fiscal Year 2022.
Vista Outdoor Inc - Will Be Using Cash on Hand and Available Liquidity Under Its Asset-based Revolving Credit Facility to Complete Deal.
Vista Outdoor - Remington's Other Business Units, Including Its Firearms Businesses, Will Be Purchased by Other Bidders in Auction.
Vista Outdoor Inc - Vista Outdoor Will Acquire Certain Assets Related to Roc's Ammunition and Accessories Businesses.