GATES CAPITAL MANAGEMENT OPPOSES VISTA OUTDOOR'S PROPOSED SALE OF THE KINETIC GROUP TO CSG

Sends Letter to Vista Board of Directors Outlining Why Tax-Free Spin-Off or Cash Offer for the Entire Company Are Superior to the Proposed Sale of The Kinetic Group July 17, 2024 Dear Members of the Board, We strongly oppose the sale at the proposed price of $2.1 billion and believe that Vista shareholders deserve a higher price that accurately reflects The Kinetic Group's financial strength and future potential. The Kinetic Group consistently generates substantial free cash flow, which averaged more than $ ...