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Fly News Breaks for October 11, 2019
VSTO
Oct 11, 2019 | 05:02 EDT
DA Davidson analyst Michael Kawamoto initiated coverage of Vista Outdoor with a Neutral rating and $6.50 price target. The analyst believes an inflection point is near, on both revenue growth and margins, but prefers to wait for better visibility to the size and timing of this acceleration before getting more constructive on the shares.
News For VSTO From the Last 2 Days
VSTO
Mar 28, 2024 | 16:42 EDT
Vista Outdoor and Czechoslovak Group, or CSG, have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States - CFIUS - to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor's The Kinetic Group business. CFIUS's acceptance of the re-filed joint voluntary notice has commenced a new review period. As part of its review process, CFIUS can permit parties to voluntarily withdraw and re-file to enable a complete and thorough review by CFIUS. In addition to CFIUS clearance, the transaction remains subject to receipt of the approval of Vista Outdoor's stockholders as well as other customary closing conditions.