U.S. Markets closed

Blog Exposure - Vista Outdoor to Sell Bollé, Cébé, and Serengeti Brands

LONDON, UK / ACCESSWIRE / July 11, 2018 / If you want access to our free research report on Vista Outdoor Inc. (NYSE: VSTO), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=VSTO as the Company's latest news hit the wire. On July 09, 2018, the Company announced that it has inked a deal to sell the legal entities operating its Bollé, Cébé, and Serengeti brands ("Eyewear Brands") to a European private equity fund for approximately $158 million. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Vista Outdoor most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


The sale is part of the Company's strategic business transformation plan to allow Vista Outdoor to focus resources on pursuing growth in its core product categories of ammunition, hunting, and shooting accessories; hydration bottles and packs; and outdoor cooking products.

Deal Details

The purchase price represents a premium to the EBITDA multiple paid for Bollé, Cébé, and Serengeti as part of the Bushnell acquisition in 2013. Vista Outdoor expects to use the net after-tax proceeds of the sale to repay outstanding indebtedness. The transaction, expected to close within approximately 30 days to 45 days, is subject to regulatory approvals and customary closing conditions.

Divestiture will Provide Additional Resources to Reinvest in Vista Outdoor's Core Businesses

Commenting on the sale, Chris Metz, Chief Executive Officer (CEO) of Vista Outdoor, stated that the Company is pleased to have successfully reached an agreement to sell its eyewear and safety business at an attractive price. The business will have the opportunity to reach its full potential under new ownership. Metz further added that this divestiture is the first step in Vista Outdoor's transformation plan and will be the first of several potential asset sales that will significantly reduce Vista Outdoor's leverage and provide additional resources to reinvest in the Company's core businesses.

Vista Outdoor's Strategic Business Transformation Plan

On May 01, 2018, the Company announced its strategic business transformation plan, designed to allow the Company to focus resources on pursuing growth in its core product categories. The plan is a result of a comprehensive strategic review which began in November 2017. Vista Outdoor plans to focus on achieving growth through its market-leading brands in ammunition, hunting, and shooting accessories; hydration bottles and packs; and outdoor cooking products. The Company plans to explore strategic options for assets that fall outside of these product categories, including its remaining Sports Protection brands (e.g. Bell, Giro, and Blackburn), Jimmy Styks paddle boards, and Savage and Stevens firearms. Vista Outdoor expects that the execution of this process will significantly reduce the Company's leverage, improve financial flexibility and the efficiency of its capital structure, and provide additional resources to reinvest in core product categories, both organically and through acquisition.

About Vista Outdoor Inc.

Founded in 2015 and headquartered in Farmington, Utah, Vista Outdoor is a leading global designer, manufacturer, and marketer of consumer products in the growing outdoor sports and recreation markets. Vista Outdoor employs over 6,000 employees worldwide and has a diverse portfolio of well-recognized brands that provide a range of performance-driven, high-quality, and innovative products, including sporting ammunition and firearms, outdoor accessories, outdoor sports optics, golf rangefinders, and performance eyewear.

Stock Performance Snapshot

July 10, 2018 - At Tuesday's closing bell, Vista Outdoor's stock marginally dropped 0.42%, ending the trading session at $16.48.

Volume traded for the day: 401.81 thousand shares.

Stock performance in the previous six-month period - up 14.52%; and year-to-date - up 13.11%

After yesterday's close, Vista Outdoor's market cap was at $944.78 million.

The stock is part of the Consumer Goods sector, categorized under the Sporting Goods industry. This sector was up 0.5% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors