CLEARFIELD, Utah, Feb. 10, 2015 /PRNewswire/ -- Vista Outdoor
Inc. ("Vista Outdoor") (NYSE: VSTO), which previously operated as
the Sporting Group of Alliant Techsystems Inc. ("ATK"), announced
today the successful completion of its spin-off from ATK (NYSE:
ATK) into a standalone, publicly traded outdoor sports and
recreation company.
On February 9, 2015, ATK
distributed to its stockholders two shares of Vista Outdoor common
stock for every share of ATK common stock held as of record on
February 2, 2015. Vista Outdoor
common stock will begin "regular-way" trading under the symbol
"VSTO" on the New York Stock Exchange ("NYSE") today, February 10, 2015, when markets open.
"Today marks the creation of a new leading commercial and
consumer-products company focused on innovative solutions,
strategic customer partnerships, execution excellence and creating
long-term shareholder value," said Mark
DeYoung, Vista Outdoor Chairman and Chief Executive Officer.
"Our consumers depend on our products to deliver quality and
performance in a variety of outdoor environments and activities.
Our mission is to bring the world outside, and to support and
facilitate the success of outdoor enthusiasts as they strive to
achieve their own rugged independence. We are focused on delivering
value to our customers, maintaining and increasing our market
share, supporting communities where we do business and growing into
adjacent markets through capturing both organic and external growth
opportunities. I am proud of the skilled and highly qualified
executive leadership team we have assembled to lead Vista Outdoor
and of our 5,800 passionate employees around the globe who are
working to deliver quality products and services that support Vista
Outdoor's business strategies."
About Vista Outdoor Inc.
Vista Outdoor is a leading
global designer, manufacturer and marketer in the growing outdoor
sports and recreation markets. The company operates in two
segments, Outdoor Products and Shooting Sports, and has more than
30 well-recognized brands that provide consumers with a range of
performance-driven, high-quality and innovative products in the
ammunition, firearms and outdoor accessories categories. Vista
Outdoor products are sold at leading retailers and distributors
across North America and
worldwide. Vista Outdoor is headquartered in Utah and has manufacturing operations and
facilities in 10 U.S. States, Puerto
Rico, Mexico and
Canada along with international
sales and sourcing operations in Mexico, Canada, Europe, Australia, New
Zealand and Asia. For news
and information visit www.vistaoutdoor.com or follow us on Twitter
@VistaOutdoorInc and Facebook at www.facebook.com/vistaoutdoor.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements in this communication
regarding the spin-off and any other statements regarding Vista
Outdoor's future expectations, beliefs, plans, objectives,
financial conditions, assumptions or future events or performance
that are not historical facts are "forward-looking" statements made
within the meaning of Section 21E of the Securities Exchange Act of
1934. These statements are often, but not always, made through the
use of words or phrases such as "may," "will," "expected,"
"intend," "estimate," "anticipate," "believe," "project" or
"continue" and similar expressions. All such forward-looking
statements involve estimates and assumptions that are subject to
risks, uncertainties and other factors that could cause actual
results to differ materially from the results expressed in the
statements.
Additional information concerning these and other factors can be
found in Vista Outdoor's filings with the SEC, including Vista
Outdoor's registration statement on Form 10 and Current Reports on
Form 8-K. Vista Outdoor assumes no obligation to update or revise
publicly the information in this communication, whether as a result
of new information, future events or otherwise, except as otherwise
required by law. Readers are cautioned not to place undue reliance
on these forward-looking statements that speak only as of the date
hereof.
Media
Contact
|
Investor
Contact
|
Amanda
Covington
|
Michael
Pici
|
ph (801)
779-4625
|
ph (801)
779-4614
|
media.relations@vistaoutdoor.com
|
investor.relations@vistaoutdoor.com
|
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SOURCE Vista Outdoor Inc.