On November 14, 2024, Vista Outdoor Inc. announced that leading proxy advisory firms ISS and Glass Lewis have updated their recommendations, advising stockholders to vote "FOR" the transaction with Czechoslovak Group (CSG) to acquire The Kinetic Group for $2.225 billion. This transaction will provide Vista Outdoor stockholders $25.75 in cash and one share of Revelyst common stock per Vista Outdoor share. Following this, Revelyst will trade on the NYSE under "GEAR" and will be acquired by Strategic Value Partners (SVP) in an all-cash transaction valued at $1.125 billion, expected to close by January 2025.

Together, these transactions represent an enterprise value of $3.35 billion and an estimated $45 per share in cash for stockholders. ISS and Glass Lewis recognize the value and certainty provided by these transactions, urging shareholders to vote in favor at the upcoming special meeting on November 25, 2024.