Vista Outdoor Announces Sale of Savage Brand

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Vista Outdoor gets out of the firearm business…

Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO) announced today that it has completed the sale of the legal entity operating its Savage Arms and Stevens firearms brands to a financial buyer for a total purchase price of $170 million, comprised of $158 million paid at closing and $12 million to be paid upon maturity of a five-year seller note issued by the buyer to Vista Outdoor in connection with the transaction.

Read the rest: Vista Outdoor Announces Sale of Savage Brand – Jul 8, 2019

By Tom McHale|2019-07-08T19:30:20-04:00July 8th, 2019|0 Comments

About the Author: Tom McHale

Tom is the Editor of American Handgunner Magazine and has published numerous books on shooting, concealed carry, reloading, and the United States Constitution. You can find print and ebook versions of his books at Amazon. Find Tom online at Parler, MeWe, Twitter, Facebook, Pinterest, and Instagram.