Remains Committed to Supporting the Best Outcome for All Vista Shareholders

Encouraging an All-Cash Transaction for Vista Outdoor

Gates Capital Management, Inc. (“Gates Capital Management” or “we”), an event-driven alternative asset manager that beneficially owns 5,589,041 shares of common stock, or approximately 9.6%, of Vista Outdoor, Inc. (“Vista” or the “Company”) (NYSE: VSTO), has issued a statement urging Vista to negotiate an all-cash transaction for the entire company.

The reasoning behind this push for an all-cash offer stems from the fully-taxable nature of the proposal from CSG, the execution risk involved in achieving Revelyst projections, and the reduced scale of the remaining Revelyst after the sale of The Kinetic Group to Czechoslovak Group a.s.

New York, Sept. 24, 2024 /PRNewswire/ — Gates Capital Management, Inc.

How will this development affect me?

If you are a shareholder of Vista Outdoor, you may see changes in the value of your investment depending on how the company proceeds with negotiations for a potential buyout. An all-cash transaction could provide immediate liquidity, while other scenarios may involve more uncertainty.

How will this development affect the world?

The outcome of the negotiations between Gates Capital Management and Vista Outdoor could have ripple effects in the financial market. It may set a precedent for future acquisitions and deals within the alternative asset management sector, impacting other companies and shareholders worldwide.

Conclusion

It will be interesting to see how Vista Outdoor responds to the encouragement from Gates Capital Management for an all-cash transaction. The decision made will not only affect individual shareholders but also have broader implications for the financial landscape on a global scale.