Vista Outdoor’s Planned Separation of its Outdoor Products and Sporting Products Segments

On May 5, 2022, Vista Outdoor Inc., the parent company of more than three dozen brands that design, manufacture and market sporting and outdoor products, announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly‑traded companies. Vista Outdoor anticipates that the transaction will be in the form of a distribution to its shareholders of 100% of the stock of Outdoor Products, which will become a new, independent publicly traded company. The distribution is intended to be tax‑free to U.S. shareholders for U.S. federal income tax purposes. Cravath is representing Vista Outdoor in connection with the transaction.

The Cravath team is led by partners Craig F. Arcella and Nicholas A. Dorsey and includes associates D. Ana Choi and Nicole M. Gould on corporate matters; and partner J. Leonard Teti II, senior attorney Andrew Carlon and associate Carlos Nicholas Obando on tax matters.