Vista board of directors voted on May 5 to split the company in two. One new part will be called
Vista Outdoors Ammo for starters and may change it's name again later. As one might guess, the ammo, reloading and some of the other hunting portions of the company will separate from the original Vista Outdoors. The separation is expected at the end of this fiscal year.
Now it is not widely known that the board of directors control the majority of stock in the company.
This would imply good reasons for the split. Vista Outdoors has shown a 37% increase in sales so far this year. They bought Remington Ammo in October of 2020.
Vista Outdoors Ammo for starters and may change it's name again later. As one might guess, the ammo, reloading and some of the other hunting portions of the company will separate from the original Vista Outdoors. The separation is expected at the end of this fiscal year.
Now it is not widely known that the board of directors control the majority of stock in the company.
This would imply good reasons for the split. Vista Outdoors has shown a 37% increase in sales so far this year. They bought Remington Ammo in October of 2020.