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Vista Outdoor Inc., is an American publicly traded "designer, manufacturer, and marketer" of outdoor sports and recreation products. The company operates in two segments, Shooting Sports and Outdoor Products. It is a "house of brands" with more than 30 well-recognized labels and subsidiaries that produce a wide range of ammunition, firearms, and outdoor accessories. The company trades under "VSTO" on the New York Stock Exchange.〔〔 ==History== Alliant Techsystems (ATK), entered the ammunition and outdoor products business in 2001. ATK achieved growth through acquisitions and a surge in demand for ammunition for police, hunting, and other private uses. When asked about the spinoff of Vista Outdoor, Mark DeYoung said, "I can trace the origin of this company all the way back to 2000, when ATK won the military contract to produce small-arms ammunition. With that contract came the operation of the Lake City Arms Ammunition plant, and ATK’s 2001 acquisition of Blount. From there, I recognized that if we could build a business around shoulder-fired ammunition for the military, we could do the same thing for the consumer market, and we put a lot of energy into rebranding Federal, changing our marketing and strategy, reducing costs and increasing profits, and acquiring other brands that fit our portfolio. I don’t think anyone predicted the rate of growth that we achieved."〔 In December 2014, regulators were informed that Vista Outdoor had signed an agreement for a $350 million secured loan with a term of five years and a $400 million revolving line of credit. Proceeds were partially used to pay down debt.〔 ATK and Orbital filed a joint proxy statement and prospectus describing the share issuance with the Securities and Exchange Commission on December 17, 2014. The same month, the Department of Justice granted approval to the merger and spinoff. On January 27, 2015, ATK's shareholders approved the issuance of ATK common stock to Orbital Sciences Corporation to consummate their merger. About 97 percent of the votes cast, representing 77 percent of the total outstanding shares of ATK common stock as of December 16, 2014, voted in favor of issuing the shares. Orbital shareholders held a similar vote the same day and also approved the merger.〔 ATK spun-off Vista Outdoor upon closing its merger with Orbital Sciences and became Orbital ATK on February 9, 2015. Anyone holding ATK common stock at the end of the business day on February 2, 2015 received two shares of Vista Outdoor common stock. Eligible shareholders had their brokerage account credited or received a book-entry account statement reflecting their ownership. Vista Outdoor was thus initially 100% owned by ATK shareholders. Vista Outdoor stock traded on a "when-issued" basis from January 29, 2015 to February 9, 2015. It began "regular way" trading on the New York Stock Exchange on February 10, 2015 under the ticker symbol "VSTO." No payment or action of any kind was required of shareholders. This transaction was conducted on a tax-free basis. U.S. shareholders generally did not have to recognize a gain or loss for federal tax purposes. On February 25, 2015, Vista Outdoor announced that its board had approved a $200 million stock repurchase program to be conducted under SEC rule 10b5-1. The timing, number, and value of share repurchases will be determined by Vista Outdoor's management according to the company's financial health, other available investment opportunities, and legal considerations. This program will expire after two years. In an interview with ''Outdoor Life'', Mark DeYoung stated, "It’s impossible to talk about the merger and the spin-off separately. They’re entirely related, and they’re both a product of remarkable growth in the outdoor recreation space. Our shooting sports component along had grown to the size that it was making up about 50 percent of ATK’s entire business. I proposed to our board that in order to rationalize our portfolio, we should put the recreation businesses in a category where they belong, with their own strategies, marketing campaigns, and focused on their customers, while we strengthened the A&D (and defense ) business with a merger that gives it more focus and depth." Vista Outdoor was the top seller of ammunition in the United States from 2008 to 2013. As of March 2015, it controlled about 40% of the ammunition market. In August 2015, Vista Outdoor announced its intent to offer $300 million in senior notes due in 2023. The notes will be offered on a senior unsecured basis through existing and future subsidiaries. The notes will be sold in the United States to qualified institutional buyers under an exemption from registration according to Rule 144A under the Securities Act of 1933 and to certain foreign buyers according to Regulation S under the same law. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Vista Outdoor」の詳細全文を読む スポンサード リンク
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