Vista Outdoor To Acquire Foresight Sports - Quick Facts

Vista Outdoor Inc. (VSTO) has agreed to acquire Foresight Sports, a designer and manufacturer of golf performance analysis, entertainment, and game enhancement technologies, for $474 million. Vista Outdoor said the acquisition immediately positions it as one of the top technology players in the golf industry.

For calendar year 2021, Foresight Sports' net sales and adjusted EBITDA are expected to be approximately $100 million and $50 million, respectively.

Vista Outdoor expects the acquisition to be immediately accretive to earnings, excluding transaction and transition costs.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management,... Butterball, LLC recalled about 14,107 pounds of ground turkey products for potential contamination with foreign materials, specifically blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement. Specialized Bicycle Components, Inc. is recalling about 6,900 units of Tarmac SL7 Bicycles and Framesets for potential risk of fall and injury hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the bicycle's fork steerer tube can crack or break after harsh impact such as hitting a deep pothole or other stress event, posing fall and injury hazards.
Follow RTT