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Stock impact report

FOCUS-Czech arms maker CSG chief eyes place on global stage [Yahoo! Finance]

Vista Outdoor Inc. (VSTO) 
Last vista outdoor inc. earnings: 2/6 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.vistaoutdoor.com
Company Research Source: Yahoo! Finance
closing in on buying U.S. ammunitions maker Kinetic Group that will transform a company that started by buying tanks for scrap into a key player in the global arms market. But first Strnad, the 31-year old Czech, owner and chairman of the Czechoslovak Group (CSG) -- a large supplier to Ukraine -- needs to fend off a rival offer for Kinetic parent Vista Outdoor to get control of around 20 percent of the West's small ammunitions market and nearly double its revenue from last year's 1.7 billion euros. "We are a long-term strategic investor that wants to take it private to build it and grow it and invest in new capacity and technology," Strnad told Reuters in an interview on Friday. "We will not just come and shake the company for the money and try to squeeze it." The privately-held company, which employs more than 10,000 workers at 37 sites in Europe and the United States, has made a $1.91 billion all-cash offer for Kinetic Group, formerly known as the Sporting Products, which incl Show less Read more
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