Water Skiing

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.

Vista Outdoor Rejects Unsolicited Indication of Interest from MNC Capital

Retrieved on: 
Monday, March 4, 2024
Hunting, General Sports, Sports, Specialty, Outdoors, Other Sports, Water Skiing, Retail, Acquisition, Morgan Stanley, Cravath, Swaine & Moore, Committee, Investment, CSG, Letter, Vista Outdoor, Foreign investment, Gibson Dunn, LLP, MNC, CFIUS, Failure, Management

Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
  • The Vista Outdoor Board also issued a letter to MNC which is reproduced below.
  • We are confident that this is the best path to unlock value for our stockholders.”
    The full text of the letter to MNC follows:
    I am writing on behalf of Vista Outdoor Inc. (“Vista”) in response to MNC Capital’s (“MNC”) letters dated February 19, 2024 and February 28, 2024, expressing MNC’s interest in pursuing a transaction pursuant to which MNC would acquire Vista in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
  • 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 Confirms Receipt of Indication of Interest from MNC Capital

Retrieved on: 
Friday, March 1, 2024
Sports, Outdoors, Lifestyle, Specialty, Consumer, Hunting, Other Sports, Golf, Water Skiing, Fishing, Retail, Swimming, Surfing, Sailboarding, Gibson Dunn, Acquisition, CSG, Morgan Stanley, LLP, Cravath, Swaine & Moore, Vista Outdoor, Financial adviser

Vista Outdoor’s Board of Directors remains committed to acting in the best interests of Vista Outdoor stockholders.

Key Points: 
  • Vista Outdoor’s Board of Directors remains committed to acting in the best interests of Vista Outdoor stockholders.
  • Vista Outdoor stockholders do not need to take any action at this time.
  • 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.

Tri Sea Stabilizers Enjoys Triple Win at Seakeeper Annual Dealer Awards

Retrieved on: 
Thursday, February 22, 2024
Retail, Fishing, Water Skiing, Consumer, Automotive, Maritime, Transport, Sports, Other Retail, Powerboating, Outdoors, Other Consumer, Specialty, Other Automotive, Water, Auction

Last weekend at the Annual Dealer Awards ceremony for Seakeeper Inc., Tri Sea Stabilizers , South Florida’s leading elite dealer for Seakeeper Inc. Refits, Service and Sales, was recognized with an astounding Trifecta Win.

Key Points: 
  • Last weekend at the Annual Dealer Awards ceremony for Seakeeper Inc., Tri Sea Stabilizers , South Florida’s leading elite dealer for Seakeeper Inc. Refits, Service and Sales, was recognized with an astounding Trifecta Win.
  • This marks the first time in Seakeeper history that one dealer has won this many awards in one year.
  • Having been a Seakeeper only dealer for the last seven years, Tri Sea has continually been honored for the quality of their work.
  • Tri Sea Stabilizers performs Seakeeper installs and service in the following locations:

Vista Outdoor, Sport Dimension Announce License Renewal for Jimmy Styks Brand

Retrieved on: 
Wednesday, December 13, 2023
Retail, General Sports, Manufacturing, Fishing, Other Sports, Water Skiing, Other Consumer, Swimming, Surfing, Sailboarding, Sports, Other Retail, Outdoors, Specialty, Other Manufacturing, Consumer, SUP, Channel, Vista Outdoor, NYSE, ISUP, Inflatable, Multimedia, Heart, Puffer, Partnership, Daisy Outdoor Products, Water, Publication, Video game, Tourism, Pescado Rabioso

View the full release here: https://www.businesswire.com/news/home/20231212678786/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231212678786/en/
    The companies announced the multi-year renewal of their brand license for Jimmy Styks, a SUP market leader acquired by Vista Outdoor in 2015 that now falls under the company’s Revelyst segment.
  • (Graphic: Business Wire)
    Vista Outdoor acquired Jimmy Styks in 2015 and began a brand license partnership with Sport Dimension Inc. in 2020.
  • Jimmy Styks’ SUP portfolio provides easy-to-use platforms for water sport enthusiasts engaging in activities ranging from personal fitness to fishing.
  • “We are excited to announce the continuation of our brand license partnership with Sport Dimension Inc., which will keep the Jimmy Styks legacy intact for years to come,” said Jordan Judd, President and General Manager, Outdoor Performance, Revelyst.

Waterfront Brands Selects BigCommerce to Optimize New Boat Lift Warehouse Online Store For Growth

Retrieved on: 
Monday, December 11, 2023
Luxury, Technology, Electronic Commerce, Professional Services, Water Skiing, Sports, Data Analytics, Other Retail, Other Communications, Specialty, Outdoors, Marketing, Communications, Software, Retail, Mobile, Wireless, Online Retail, BIGC, B2B, Elite, Commerce, WordPress, Ecosystem, Partnership, Software as a service, Growth, ERP, Online shopping, BigCommerce

“Boat Lift Warehouse believes our customers are our number one priority every day.

Key Points: 
  • “Boat Lift Warehouse believes our customers are our number one priority every day.
  • They should be able to find what they need, quickly and easily, at any time of the day or night,” said Jesse Bennett, chief operating officer at Boat Lift Warehouse.
  • Waterfront Brands currently on the BigCommerce platform include Boat Lift and Canopy , The Shore Shack and Total Marina .
  • “We’re excited to see Waterfront Brands add Boat Lift Warehouse to our platform after experiencing growth for its other brands,” said Steven Chung, president at BigCommerce.

Silence is golden: eFantom, Porsche’s first electric boat, is charged quickly and flexibly with ChargePost from ADS-TEC Energy

Retrieved on: 
Tuesday, October 17, 2023
Recreational Vehicles, Vehicle Technology, Sports, EV, Electric Vehicles, Powerboating, Alternative Energy, Alternative Vehicles, Fuels, Batteries, Energy, Technology, Automotive, Water Skiing, Sailing, Fantom, Climate, Multimedia, Engineering, Vehicle registration plates of Nepal, Porsche Taycan, Electronics, ChargeBox, Water, Transport, Electric battery, Electric motor, Armin Frauscher, Lake Garda, Porsche

It can then be quickly and conveniently charged at the marina with ADS-TEC Energy ChargePost.

Key Points: 
  • It can then be quickly and conveniently charged at the marina with ADS-TEC Energy ChargePost.
  • The eFantom from Frauscher and Porsche was unveiled to the public in early October in an exclusive presentation at Lake Garda.
  • The first edition of 25 units of eFantom will be available for delivery by Frauscher in 2024.
  • According to Philip Ruckert, “eBoot” (electric boat) Project Manager at Porsche, “ADS-TEC Energy is known for innovative thinking and German craftsmanship.

HO Sports Unveils Sabre Water Ski, Displacing Traditional Petroleum-Based Materials With Checkerspot’s Biobased Foam Core

Retrieved on: 
Tuesday, September 19, 2023
Environment, Research, Sports, Water Skiing, Engineering, Chemicals, Plastics, Manufacturing, Sustainability, Science, HO, Product management, Sport, Partnership, Petroleum, Biotechnology, Learning curve, Ho Sports Stadium, Alpine, Microalgae, Multimedia, Compressive strength, Snow, Water, Courage, Engineered wood, Marketing, Melitaeini, Sabre

This collaboration showcases Checkerspot’s cutting-edge advancements in biotechnology and materials science, enabling the production of high-performing, more sustainable water skis.

Key Points: 
  • This collaboration showcases Checkerspot’s cutting-edge advancements in biotechnology and materials science, enabling the production of high-performing, more sustainable water skis.
  • View the full release here: https://www.businesswire.com/news/home/20230918168004/en/
    The new Sabre Water Ski by HO Sports (Photo: John Yan)
    The Sabre is designed for intermediate to advanced skiers who want a versatile, stable, and smooth ride.
  • Its new biobased foam core was tailored to reduce overall weight while simultaneously delivering higher compressive strength.
  • The Sabre Water Ski, powered by Checkerspot's biobased materials, will be available for purchase at select retailers and online stores for the 2024 season.

Yamaha Motor Corporation, U.S.A. Purchases Saltwater Test Facility in Florida

Retrieved on: 
Thursday, August 24, 2023
Commercial Building & Real Estate, Construction & Property, Sports, Maritime, Water Skiing, Engineering, Transport, Manufacturing, Powerboating, Marketing, WaveRunner, Yamaha Motor Company, USCG, Environment, Shipbuilding, U.S.A, Yamaha

Yamaha Motor Corporation, U.S.A. has purchased Fort George Island Marina in Duval County, Florida, with the intention of converting the existing facility into the Yamaha Offshore Endurance Center (YOEC), which will serve as a testing center for Yamaha Marine products including outboards, sport boats and WaveRunners®.

Key Points: 
  • Yamaha Motor Corporation, U.S.A. has purchased Fort George Island Marina in Duval County, Florida, with the intention of converting the existing facility into the Yamaha Offshore Endurance Center (YOEC), which will serve as a testing center for Yamaha Marine products including outboards, sport boats and WaveRunners®.
  • It also supports Yamaha Marine global testing plans by expanding opportunities to develop products,” said Ben Speciale, President, Yamaha U.S. Marine Business Unit.
  • In addition, Yamaha recently finalized the construction of a new Marine Innovation Center in Kennesaw, Georgia, a 75,280 square foot facility which now houses the Yamaha Marine Connected Division as well as Yamaha U.S. Marine Development, Yamaha Marine Product Management and Yamaha Marine Technical Marketing.
  • Yamaha plans to begin renovations on the saltwater test facility in Duval County in the third quarter of 2023.

Salt Life Partners With American Red Cross for Hawaii Wildfire Relief

Retrieved on: 
Wednesday, August 23, 2023
Other Retail, Other Consumer, Fund Raising, Foundation, Women, Seniors, Fashion, Retail, Water Skiing, Men, Yachting, Natural Disasters, Swimming, Family, Surfing, Sailboarding, Consumer, Sailing, Online Retail, Philanthropy, Powerboating, Outdoors, Environment, Textiles, Climate Change, Fishing, Manufacturing, Other Philanthropy, Sports, Turning Point (Chuck Wicks album), American Red Cross, Heart, Sale, Food, Hope, Fire, NYSE, Clothing, International Red Cross and Red Crescent Movement, Hotel

The gross profit of $18 from the sale of each shirt will go directly to the American Red Cross, offering aid, food, and shelter to those impacted by the fires.

Key Points: 
  • The gross profit of $18 from the sale of each shirt will go directly to the American Red Cross, offering aid, food, and shelter to those impacted by the fires.
  • "Our hearts are with the people of Maui as they navigate this devastating tragedy," said Jeff Stillwell, President of Salt Life.
  • Red Cross teams are providing evacuees with a safe place to stay, food to eat and emotional support during this challenging time.
  • To donate funds of your choosing, visit Salt Life’s online American Red Cross donation portal HERE .