Outdoors

Vista Outdoor Confirms Receipt of Revised Indication of Interest from MNC Capital

Retrieved on: 
Monday, March 25, 2024
Sports, Other Retail, Outdoors, General Sports, Specialty, Consumer, Hunting, Other Sports, Other Manufacturing, Water Skiing, Retail, Other Consumer, Manufacturing, Vista Outdoor, Morgan Stanley, LLP, Acquisition, Initial, CSG, Gibson Dunn, Cravath, Swaine & Moore, MNC, Financial adviser

On March 4, 2024, the Vista Outdoor Board of Directors (the “Vista Outdoor Board”) rejected an unsolicited indication of interest received on February 19, 2024 from MNC pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista Outdoor share (the “Initial MNC Indication”).

Key Points: 
  • On March 4, 2024, the Vista Outdoor Board of Directors (the “Vista Outdoor Board”) rejected an unsolicited indication of interest received on February 19, 2024 from MNC pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista Outdoor share (the “Initial MNC Indication”).
  • The Vista Outdoor Board carefully reviewed and considered the Initial MNC Indication in consultation with its outside legal and financial advisors.
  • 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.
  • Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.

MNC Capital Increases Proposal to Acquire Vista Outdoor to $37.50 Per Share

Retrieved on: 
Monday, March 25, 2024
Finance, Outdoors, Sports, Professional Services, General Sports, MNC, Vista Outdoor, Letter, CFIUS, Kinetic Group

MNC Capital Partners, L.P. (“MNC”) today announced that it has submitted an increased all-cash proposal to acquire Vista Outdoor, Inc. (NYSE: VSTO) (“Vista” or the “Company”) for $37.50 per share, or approximately $3.0 billion.

Key Points: 
  • MNC Capital Partners, L.P. (“MNC”) today announced that it has submitted an increased all-cash proposal to acquire Vista Outdoor, Inc. (NYSE: VSTO) (“Vista” or the “Company”) for $37.50 per share, or approximately $3.0 billion.
  • Vista’s shares were trading below $30.00 per share when MNC made its initial proposal on February 19, 2024.
  • MNC has provided the details of its financing to Vista, as well as all other information that Vista requested in its March 4, 2024 letter.
  • MNC expects Vista to promptly engage and agree to MNC’s proposal, which is clearly in the best interest of Vista’s shareholders and employees.

Vista Outdoor Clears Key Milestone in Sale of The Kinetic Group to CSG and the Separation of Revelyst into a Standalone Public Company

Retrieved on: 
Friday, March 22, 2024
Other Manufacturing, Other Consumer, Sports, Hunting, Other Retail, Manufacturing, Fishing, Consumer, Retail, Outdoors, Kinetic, Vista Outdoor, CFIUS, Form, Carolina Christian College, Committee, Sale, Acquisition, Foreign investment, Kinetic Group, Plant, CSG, Special, Central Time, Transaction, British, Register

The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.

Key Points: 
  • The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.
  • “We are excited to reach this important milestone as we position The Kinetic Group and Revelyst for long-term success,” said Michael Callahan, Chairman of the Vista Outdoor Board of Directors.
  • “We believe the proposed sale provides is the best strategic alternative to maximize value for stockholders.
  • As we look ahead to Revelyst being a standalone company post-separation, our brand-led consumer obsessed and maker-fueled culture is coming into shape.

XINSURANCE Announces 2024 Sponsorship with Safe Cash Racing

Retrieved on: 
Saturday, March 23, 2024
Motor Sports, Licensing (Sports), Insurance, Sports, Entertainment, Professional Services, Extreme Sports, Powerboating, Licensing (Entertainment), Outdoors, Partnership, Water, Pressure, Instinct, Monster truck, Veteran

Rick J. Lindsey, President, and CEO of XINSURANCE, dba of Evolution Insurance Brokers, announces a sponsorship with the dynamic boat racing team of Scott Jobin and Rick Raab who are setting out to conquer the waters in the 2024 Powerboat Racing Season.

Key Points: 
  • Rick J. Lindsey, President, and CEO of XINSURANCE, dba of Evolution Insurance Brokers, announces a sponsorship with the dynamic boat racing team of Scott Jobin and Rick Raab who are setting out to conquer the waters in the 2024 Powerboat Racing Season.
  • As the anticipation for adrenaline-pumping boat racing reaches its peak, seasoned competitors Scott Jobin and Rick Raab are gearing up to dominate the waves in the upcoming 2024 season.
  • We're ready to unleash our full potential and make our mark in the 2024 boat racing season."
  • The Safe Cash Racing Team of Jobin and Raab are looking forward to a long-term winning partnership with XINSURANCE and Rick J. Lindsey.

Fluidra Proposes a Dividend Distribution of 0.55 Euros Per Share

Retrieved on: 
Thursday, March 21, 2024
Apps, Applications, Technology, Sports, Finance, Swimming, Professional Services, Software, Other Health, Health, Outdoors, General Electric, Risk management, Environment, CFO, Policy, Vodafone, Urroz

Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, agreed at its Board of Directors meeting to propose to the General Shareholders' Meeting a dividend of 0.55 euros per share.

Key Points: 
  • Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, agreed at its Board of Directors meeting to propose to the General Shareholders' Meeting a dividend of 0.55 euros per share.
  • In line with Fluidra’s dividend policy, the proposal implies a 50% payout of 2023 Cash Net Profit.
  • The total payout, subject to approval by the General Shareholders' Meeting on 8 May, 2024, will amount to around 105 million euros.
  • If approved, Fluidra will make a first payment of 0.30 euros per share on 3 July and another payment of 0.25 euros per share on 3 December 2024.

Ronin Finances the Acquisition of Woodmaxx for its Market Leading Outdoor Equipment Company, Rebranding the Merged Group Engenuity

Retrieved on: 
Wednesday, March 20, 2024
Sports, Other Retail, Finance, Specialty, Banking, Professional Services, Outdoors, Retail, Farmer, DK2, National Bank of Canada, Sale, RBC, Investment, HSBC, National bank, Multimedia, Engineering, Video game

Operationally-focused buyout group Ronin Equity Partners has funded through a $25 million term-loan facility the purchase of Woodmaxx by the market-leading outdoor equipment company, DK2.

Key Points: 
  • Operationally-focused buyout group Ronin Equity Partners has funded through a $25 million term-loan facility the purchase of Woodmaxx by the market-leading outdoor equipment company, DK2.
  • As part of the deal, DK2 (formed 20 months ago through Ronin’s purchase and simultaneous merger of three companies) is being renamed Engenuity Outdoor Equipment.
  • “This latest transaction creates an extraordinarily diversified outdoor equipment business in sales channels and product offerings,” says Ronin Partner and Engenuity Chief Financial Officer, Tiffany Bell.
  • Engenuity is a leading North American outdoor equipment player, selling a wide range of woodchippers, snowplows, winches, auto accessories and trailers.

Hipcamp and REI Co-op Launch the “Summer of Magic Campout Series” to Surprise Thousands of People With Camping Experiences This Summer

Retrieved on: 
Wednesday, March 20, 2024
Men, Family, Other Natural Resources, Other Travel, Sports, Consumer, Other Retail, Destinations, Vacation, Natural Resources, Travel, Specialty, Outdoors, Retail, Environment, Women, Online Retail, Friends, Camping, Pass, Summer, RSVP, REI, Entertainment

And this year, Hipcamp and REI are going one step further to knock down barriers for campers.

Key Points: 
  • And this year, Hipcamp and REI are going one step further to knock down barriers for campers.
  • Get in on the Summer of Magic with Hipcamp and REI to experience free campouts at top Hipcamps with the best gear—all summer long.
  • A “Magic Pass” opens access to the best Hipcamp locations on the best weekends as well as gear packages, guided experiences, and more magic from REI and surprise guests.
  • "At REI, we connect our customers to the outdoors with gear, apparel, classes, and advice in our stores and online.

Vista Outdoor Foundation Donates $208,000 to Four Nonprofits

Retrieved on: 
Monday, March 18, 2024
Other Sports, Fund Raising, Foundation, Philanthropy, Biking, Cycling, Family, Sports, Consumer, Other Manufacturing, Specialty, Other Philanthropy, Outdoors, Manufacturing, Retail, Golf, General Sports, Children, Organization, Education, Communication, Kinetic Group, Marketing, Public affairs, Mentorship

The Vista Outdoor Foundation (the “Foundation”), the philanthropic partner of Vista Outdoor Inc. (NYSE: VSTO), today announced the donation of $208,000 to four nonprofit organizations, concluding a multi-year grant commitment.

Key Points: 
  • The Vista Outdoor Foundation (the “Foundation”), the philanthropic partner of Vista Outdoor Inc. (NYSE: VSTO), today announced the donation of $208,000 to four nonprofit organizations, concluding a multi-year grant commitment.
  • Outdoors Tomorrow Foundation: The Outdoors Tomorrow Foundation teaches outdoor education and promotes and funds conservation of wildlife worldwide.
  • The donations mark the final contributions from the Vista Outdoor Foundation.
  • “For the last several years, the Vista Outdoor Foundation has supported more than a dozen nonprofits through our robust grant program,” said Fred Ferguson, Chairman of the Vista Outdoor Foundation and Vice President of Public Affairs and Communications for Vista Outdoor’s Revelyst segment.

Dustin Connell Wins Major League Fishing’s Bass Pro Shops REDCREST 2024 Powered by OPTIMA Lithium on Lay Lake

Retrieved on: 
Monday, March 18, 2024
Outdoors, Fishing, Sports, Entertainment, TV and Radio, Well, Lithium, NITRO, Discovery, Bass, Friends, General Tire, Pressure, Tears, Garmin, Biting, Bass Pro Shops, School, Social media, Lead, History, Outdoor Channel, Depression, Toyota, Mercury, Thought, United States Air Force, TPE, Stage One, Radar, Water, Onyx, Family, Major League Fishing, MLF, Discovery Channel, Television, Trapping

And when you’ve got that kind of support behind you, you can settle down.”

Key Points: 
  • And when you’ve got that kind of support behind you, you can settle down.”
    The top 10 pros at Bass Pro Shops REDCREST 2024 Powered by OPTIMA Lithium at Lay Lake are:
    Overall, there were 132 scorable bass weighing 371 pounds, 6 ounces caught by the final 10 pros Sunday.
  • Bass Pro Shops REDCREST 2024 Powered by OPTIMA Lithium on Lay Lake was hosted by the Greater Birmingham Convention & Visitors Bureau, and showcased the top 40 professional anglers from the 2023 Bass Pro Tour, along with the top champions and finishers across all MLF circuits.
  • Television coverage of REDCREST 2024 Powered by OPTIMA Lithium will be showcased across two, two-hour episodes, premiering at 7 a.m.
  • For complete details and updated information on Major League Fishing and the Bass Pro Tour, visit MajorLeagueFishing.com .

Revitalizing a 71-mile Gem: High Line Canal Conservancy Unveils Great Lengths Campaign Following GOCO Award

Retrieved on: 
Friday, March 15, 2024
Other Consumer, Outdoors, Maritime, Environment, Transport, State, Local, Sustainability, Landscape, Consumer, Fund Raising, Foundation, Philanthropy, Public Policy, Government, Construction & Property, Sports, Marketing, Communications, Destinations, Travel, Protected area, Plan, Partnership, Education, School, Denver International Airport, Volunteering, Quality of life, City, Safety, GOCO, Multimedia, High Line Canal, High Line, Denver Water, Canal

Today, the High Line Canal Conservancy announces Great Lengths for the High Line, a $33 million campaign poised to revitalize one of the region's most cherished resources.

Key Points: 
  • Today, the High Line Canal Conservancy announces Great Lengths for the High Line, a $33 million campaign poised to revitalize one of the region's most cherished resources.
  • View the full release here: https://www.businesswire.com/news/home/20240315750045/en/
    High Line Canal Conservancy (Photo: High Line Canal Conservancy)
    In a significant leap towards this goal, the nonprofit announced a $7 million contribution from Great Outdoors Colorado (GOCO) today.
  • “Now we look forward to High Line Canal users joining our Great Lengths for the High Line fundraising campaign, so this great work continues for decades to come.”
    Projects will be implemented in partnership with the local governments, including counties, cities and special districts.
  • “Investing in the Great Lengths Campaign is a wonderful way to improve the Canal not just in your own community – but across all communities.