Vista Outdoor Inc. ( VSTO - Free Report ) signs a definitive agreement with Czechoslovak Group a.s. ("CSG") to sell its Sporting Products business. This transaction is valued at $1.91 billion, all in cash, subject to customary closing conditions. The strategic move aligns with its plan to split the company into distinct entities, as announced on May 5, 2022. The company remains optimistic in this regard and expects this approach to maximize value for shareholders and position its Sporting Products and Outdoor Products for future success. CSG, a leading industrial technology company, operates in strategic sectors like defense and aerospace. VSTO believes CSG is the ideal home for its ammunition brands, with a commitment to American legacy and manufacturing, supporting military and law enforcement, and investing in conservation and shooting heritage.