Vista Outdoor Inc

NYSE:VSTO   3:59:50 PM EDT
41.91
+1.04 (+2.54%)
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Debt Financing / Related, Other Pre-Announcement

Vista Outdoor Announces Definitive Agreement To Acquire Foresight Sports

Published: 09/10/2021 11:12 GMT
Vista Outdoor Inc (VSTO) - Vista Outdoor Announces Definitive Agreement to Acquire Foresight Sports.
Vista Outdoor Inc - Vista Outdoor Has Agreed to Pay a Gross Purchase Price of $474 Million.
Vista Outdoor Inc - Foresight Sports Expected to Be Immediately Accretive to Earnings, Excluding Transaction and Transition Costs.
Vista Outdoor Inc - Gross Purchase Price Includes a Net Present Value of Roughly $60 Million in Future Tax Benefits.
Vista Outdoor - Expects to Use Cash on Hand, Available Liquidity Under Asset-based Revolving Credit Facility, to Complete Transaction.
Vista Outdoor Inc - for Cy 2021, Foresight Sports' FY Net Sales and Adjusted EBITDA Are Expected to Be Approximately $100 Million and $50 Million.
Vista Outdoor Inc - Foresight Sports' Full Year Net Sales Expected to Be About $100 Million.