Bushnell

Vista Outdoor Enters into Definitive Agreement to Sell Sporting Products Business to Czechoslovak Group for $1.91 Billion

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월요일, 10월 16, 2023

Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions.
  • “This is an important strategic step for our company in creating value through separating our Outdoor Products and Sporting Products segments,” said Gary McArthur, interim CEO of Vista Outdoor.
  • To effect the transaction, Vista Outdoor will separate its Outdoor Products business from its Sporting Products business, and CSG will merge one of its subsidiaries with Vista Outdoor (holding only the Sporting Products business), with current public stockholders of Vista Outdoor receiving shares of Outdoor Products ( recently rebranded as Revelyst ) and approximately $750 million in cash in the aggregate.
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.

 Vista Outdoor Announces Name for Outdoor Products Segment

Retrieved on: 
목요일, 10월 5, 2023

Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced the name and identity of its Outdoor Products segment following a planned separation.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced the name and identity of its Outdoor Products segment following a planned separation.
  • Brands in the Revelyst portfolio are known for their meticulous craftsmanship and a steadfast obsession with creating products and technologies that support consumers in a wide range of pursuits.
  • Revelyst’s purpose is to harness this collective expertise and cross-collaboration to pursue new innovations that redefine what is humanly possible in the outdoors.
  • Revelyst will be led by Nyman, who began as CEO of the segment on Aug. 21, and a dedicated management team.

ExoDexa Acquires Perpetual License to Evolved Play IP

Retrieved on: 
금요일, 9월 22, 2023

ExoDexa Holdings Inc. , the developer of its ExoDexa® adaptive educational gaming platform, today announced it has acquired a perpetual license to educational game developer Evolved Play’s core software and intellectual property (IP) portfolio.

Key Points: 
  • ExoDexa Holdings Inc. , the developer of its ExoDexa® adaptive educational gaming platform, today announced it has acquired a perpetual license to educational game developer Evolved Play’s core software and intellectual property (IP) portfolio.
  • The license allows ExoDexa to use Evolved Play’s IP for the purposes of developing new products and services.
  • ExoDexa plans to integrate Evolved Play’s IP into its platform to expand its market over the coming years.
  • “Bringing Evolved Play’s IP into ExoDexa is the right next step for both companies.

Atari’s Founder Nolan Bushnell Announces New Educational Gaming Company ExoDexa

Retrieved on: 
목요일, 9월 7, 2023

ExoDexa Holdings Inc. , today announced Nolan Bushnell, the founder of Atari, is going all-in on shaping the future of education through games via an adaptive learning gaming platform.

Key Points: 
  • ExoDexa Holdings Inc. , today announced Nolan Bushnell, the founder of Atari, is going all-in on shaping the future of education through games via an adaptive learning gaming platform.
  • “Even though we understand this to be true, students still aren’t being taught to experience the things they’re learning.
  • However, the game itself is designed to play like a fun adventure rather than a vehicle for educational curricula.
  • “Games are the future of education,” said Nolan Bushnell, chairman at ExoDexa.

Vista Outdoor Announces Public Filing of Form 10 Registration Statement

Retrieved on: 
화요일, 9월 5, 2023

Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today publicly filed its Form 10 registration statement with the Securities and Exchange Commission (SEC).

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today publicly filed its Form 10 registration statement with the Securities and Exchange Commission (SEC).
  • The filing was made in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies.
  • The Outdoor Products company will be a collective of category-defining brands that design and manufacture performance gear and precision technologies.
  • Vista Outdoor will soon announce the name and branding of the new Outdoor Products company.

Pixelle Announces Chief Executive Officer Transition

Retrieved on: 
월요일, 8월 7, 2023

Pixelle Specialty Solutions (“Pixelle”), a leading supplier of specialty papers, announced today that Timothy Hess has decided to step down from his position as President and Chief Executive Officer for health reasons, effective August 7, 2023.

Key Points: 
  • Pixelle Specialty Solutions (“Pixelle”), a leading supplier of specialty papers, announced today that Timothy Hess has decided to step down from his position as President and Chief Executive Officer for health reasons, effective August 7, 2023.
  • In addition, the Company’s Board of Directors announced that following a comprehensive search process, it has selected Ross Bushnell to succeed Hess as Pixelle’s President and Chief Executive Officer.
  • Bushnell has been appointed to the Board of Directors, and Hess will be available to support a smooth transition and will continue serving on the Board.
  • Ross Bushnell joins Pixelle with more than 25 years of commercial and general management experience.

Vista Outdoor Appoints Eric Nyman as CEO of Outdoor Products Segment

Retrieved on: 
금요일, 7월 21, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230721188427/en/
    Vista Outdoor Inc. announced its Board of Directors has appointed Eric Nyman as CEO of the company’s Outdoor Products segment and a member of the board, effective Aug. 21.
  • “I am honored to join Vista Outdoor as the CEO of the Outdoor Products segment and a member of the Vista Outdoor Board of Directors,” Nyman said.
  • The Vista Outdoor Board of Directors will expand to include the CEOs of each segment, with the additions of Nyman and Sporting Products CEO Jason Vanderbrink, who was elevated to segment CEO in April 2023.
  • The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders.

Florida Municipal Utilities Expand Large-Scale Solar Project

Retrieved on: 
수요일, 7월 12, 2023

ORLANDO, Fla., July 12, 2023 /PRNewswire/ -- Florida Municipal Power Agency (FMPA), in conjunction with 20 Florida municipal electric utilities and Origis Energy, today announced a major expansion of the Florida Municipal Solar Project, one of the largest municipal-backed solar projects in the nation. Upon completion, the expansion will quadruple the amount of solar power currently generated by the project.

Key Points: 
  • ORLANDO, Fla., July 12, 2023 /PRNewswire/ -- Florida Municipal Power Agency (FMPA), in conjunction with 20 Florida municipal electric utilities and Origis Energy, today announced a major expansion of the Florida Municipal Solar Project, one of the largest municipal-backed solar projects in the nation.
  • The project currently consists of two solar farms, Taylor Creek Solar in Orange County and Harmony Solar in Osceola County, that generate nearly 150 megawatts of solar power – enough to power approximately 30,000 Florida homes.
  • By the end of 2026, the Florida Municipal Solar Project will consist of more than 1.8 million solar panels installed on eight farms.
  • "Expanding the Florida Municipal Solar Project will also enable us to serve several new communities that haven't had access to solar before."

Mari + Gold - Leading San Diego-Based Hospitality, Tourism and Lifestyle Agency - Appoints Carrie Jones as CEO

Retrieved on: 
수요일, 3월 1, 2023

SAN DIEGO, March 1, 2023 /PRNewswire-PRWeb/ -- Today, hospitality, tourism and lifestyle agency, Mari + Gold, named co-founder Carrie Jones as the agency's first-ever CEO. Since co-founding the agency in early 2022, Jones served Mari + Gold in an advisory capacity while acting as Chief Communications Officer of sister agency, Raindrop. Jones officially joins the Mari + Gold team in a full-time CEO position to lead the agency alongside its President and hospitality marketing industry leader, Nicole Bushnell.

Key Points: 
  • SAN DIEGO, March 1, 2023 /PRNewswire-PRWeb/ -- Today, hospitality, tourism and lifestyle agency, Mari + Gold , named co-founder Carrie Jones as the agency's first-ever CEO.
  • Since co-founding the agency in early 2022, Jones served Mari + Gold in an advisory capacity while acting as Chief Communications Officer of sister agency, Raindrop .
  • Jones officially joins the Mari + Gold team in a full-time CEO position to lead the agency alongside its President and hospitality marketing industry leader, Nicole Bushnell.
  • "I'm thrilled for Carrie to join Mari + Gold on a full-time basis, further strengthening our female leadership presence," said Bushnell.

The Grossman Group's New eBook Helps Leaders Maximize their Strategy's Impact

Retrieved on: 
화요일, 2월 28, 2023

As a result, the strategy never achieves its goals and employees end up feeling disengaged.

Key Points: 
  • As a result, the strategy never achieves its goals and employees end up feeling disengaged.
  • In a new eBook released this month, a prominent Chicago-based leadership and communications consultancy – The Grossman Group – offers invaluable guidance for leaders on how to get employees motivated to make a smart strategy happen.
  • "Organizations are under tremendous pressure to produce results today," says Kate Bushnell, President of The Grossman Group and the eBook's author.
  • The Grossman Group's new eBook explores specific tactics successful leaders employ to ensure their strategies resonate, including:
    To download a free copy of the eBook, go here: https://www.yourthoughtpartner.com/how-to-activate-your-strategy-ebook