Vista Outdoors Sells Guns and Ammo business

[Vapor]

Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast

Vista Outdoor said on Monday it would sell its sporting products business in a $1.91 billion deal, although its shares tumbled about 20% in early trading after it cut its full-year sales forecast.

www.reuters.com

I assume this includes Federal and Savage.

 

[Beerman]

It’s sad to see American brands get bought up by foreign companies.

 

[Vapor]

It’s sad to see American brands get bought up by foreign companies.

In fairness the Czechs may be more passionate than Vista who is a soulless conglomerate, but I know what you're saying.

 

[Rocpo]

Czechs making some arms moves. Interesting

 

[FP1201]

Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast

Vista Outdoor said on Monday it would sell its sporting products business in a $1.91 billion deal, although its shares tumbled about 20% in early trading after it cut its full-year sales forecast.

www.reuters.com

I assume this includes Federal and Savage.

Reuters News sucks balls; From the Vista Outdoors web page: Vista Outdoor - Newsroom - Press Releases
Wonder if there's an affiliation with CZ USA that owns Colt and Wesson Arms?

 

[C3D]

The deal will be subject to CFIUS (US national security) approval. No guarantee that CSG will get it, although CZ did (with conditions) when it bought Colt.

 

[C3D]

Wonder if there's an affiliation with CZ USA that owns Colt and Wesson Arms?

I looked and there is not an obvious connection, they seem to be different groups with different leaders/ownership.

 

[Acer-m14]

ohhhh we still have Lake City / Winchester .. aka govt owned they say ..

ohhhh they shut down commercial sales now ..

its all for the GOVT now ..


where is Huckabee ...

Arkansas to force Chinese to give up land

nygunforum.com

 

[Steal2B]