Vista Outdoors to sell its sporting products business to Czechoslovak Group for $1.91 billion in cash

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Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

Vista Outdoor Inc.

said Monday it has reached an agreement to sell its sporting products business to Czechoslovak Group a.s. . in an all-cash deal valued at $1.91 billion. The company said the deal is the next part of its plan to separate into two entities. Its outdoor products business, which was recently renamed Revelyst, will become a standalone public company as soon as the deal closes. The deal is supported by $1.1 billion of fully committed debt financing with the remaining sum to be funded by CSG.

 

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