Vista Outdoor, Inc. rescheduled its Investor Day from next month to early fall. The change comes following Vista Outdoor Board of Directors’ recent decision to adjourn the date of the planned shareholder vote related to outside interest in the company, specifically the Board’s move last week to re-engage with MNC Capital to assess further its previously expressed interest in acquiring Vista Outdoor for $3.0 billion.
Vista is looking for MNC to up the ante in its pursuit of the whole company rather than splitting it into two new entities as Vista planned.
Initially scheduled for May 29, Vista’s Investor Day will now take place early in the fall at the company’s Adventure Sports headquarters in Irvine, CA. The company will announce the rescheduled date closer to the event.
The presenters at the Investor Day include Revelyst CEO Eric Nyman, CFO Andrew Keegan and CHRO Joyce Butler, plus leaders from the company’s business platforms, including Jon Watters and Scott Werbelow of Precision Sports Technology, Jeff McGuane of Adventure Sports and Jordan Judd of Outdoor Performance. The presentations will provide an in-depth review of Vista’s strategy for Revelyst (the new name for the company’s Outdoor Products segment), key initiatives, business platforms, and financial performance. The event will also include multiple Q&A panel sessions with the presenters.
The company will adjourn the special meeting of its stockholders regarding the CSG transaction, originally scheduled to be held at 9:00 am (CT) on May 16, to 9:00 am (CT) on June 14. The record date of April 1, 2024 remains unchanged.
The Revelyst outdoor products business includes the Fox, Bell, Giro, CamelBak, Camp Chef, Bushnell, Simms Fishing, Foresight Sports, and Bushnell Golf brands.
Image courtesy Giro
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See below for more SGB Media coverage of Vista Outdoor and MNC Capital.
EXEC: Vista Outdoor Re-Engages with MNC Capital on Potential Buy-Out Interest
