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Well, I was wrong…I guess I am the sensationalist…


Pat Riot

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I was just on two other forums where the sky is falling…

 

Apparently a Czech company bought the Sporting Goods segment of Vista Outdoors, but all of a sudden there will be no primers, no ammo made in the USA.


NO! The Czech company is buying the ammo and arms part of Vista Outdoors…

***** This is what I get for reading half-arsed news articles. 

 

 

 

 

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It just seems like drama and sensationalism for the sake of drama is rampant in all things. 
After I heard about Hamas attacking Israel I told my wife “Just watch, some ***hole or group of ***holes is going to start rumors here to gun up sales of ammo guns and reloading components. Sure enough someone put out the rumor that Hamas would attack in the U.S. Alpo pointed it out in a thread. 
I was at the range that day (Saturday, I believe) and some guy came strolling in all frantic about needing ammo as Hamas was coming. The guys at the gun store squashed that nonsense immediately and told the guy someone was BS’ing him. 
 

Stupidity and ignorance abound. 

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ANd so now the escape is that it’s all BS. AI produced to lead us where they want. They say actual footage is AI produced. Todays overseas activities reported are being called BS. Whatever, it’s escalating. Election in a year., who’s asleep at the wheel. I think its US. 

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  • Pat Riot changed the title to Well, I was wrong…I guess I am the sensationalist…

Look at it this way, we MIGHT get lucky and they may run it better than the last bunch did, the last bunch couldn’t keep us in primers but maybe these new guys will realize the cheaper the price and the better the supply the MORE we shoot and the more the sell. Better for everyone, probably not but we can hope

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Business Wire

The Czechoslovak Group Enters into Definitive Agreement to Acquire Vista Outdoor’s Sporting Products Business for $1.91 Billion

 
 
 
 

Current CEO Jason Vanderbrink Will Continue to Lead the Sporting Products Business and the U.S. Headquarters Will Remain in Anoka, Minnesota

Represents Largest Acquisition in the History of Czech Defense Industry

PRAGUE, October 16, 2023--(BUSINESS WIRE)--The Czechoslovak Group ("CSG") announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSE: VSTO) ("Vista Outdoor") Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs. CSG will partner with the existing management to pursue the continued growth path envisaged for the Sporting Products business over the coming years.

Headquartered in Anoka, Minnesota, Vista Outdoor’s Sporting Products business is a leading ammunition manufacturer in the U.S. commercial and law enforcement markets. It employs approximately 4,000 employees across its four U.S. factories and owns leading ammunition brands including CCI, Federal, HEVI-Shot, Remington and Speer.

CSG, based in Prague, Czech Republic, is a leading industrial technology company operating in five strategic business segments: Defense, Aerospace, Ammunition, Mobility and Business Projects. It is 100% controlled and led by Michal Strnad, who has transformed it into the most relevant Czech industrial group, with a strong international footprint. CSG employs more than 10,000 people worldwide and owns and manages a diverse portfolio of industrial and trade companies across the civil and defense sectors.

The proposed transaction would be CSG’s largest acquisition to date after a long series of smaller acquisitions focused on the European market, including the acquisition of Fiocchi Munizioni in 2022. It also represents the largest acquisition in the history of the Czech defense industry. The transaction is expected to close in calendar year 2024, subject to shareholder approval, receipt of necessary regulatory approvals and other customary closing conditions. Upon closing, Sporting Products will become a wholly owned subsidiary of CSG, operating as a private company. Jason Vanderbrink will remain CEO of the Sporting Products business and the U.S. headquarters will remain in Anoka, Minnesota.

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