The Czechoslovak Group (CSG), owned by Czech entrepreneur Michal Strnad, will purchase the sports equipment division of the American firm Vista Outdoor's Kinetic Group for $1.96 billion (44.4 billion CZK), the American company announced in a press release. The companies had been negotiating the transaction since last year, and Vista accepted the offer only after CSG increased the offered amount by $50 million on Monday.

Vista Outdoor is among the leading small-caliber ammunition manufacturers in the world, including brands such as Remington, Federal, CCI, and Speer. Some American politicians opposed the plan to sell this division to a Central European firm. In a separate press release, Vista also rejected a competing acquisition offer from MNC Capital.

In the final offer, CSG increased the cash portion payable to Vista shareholders by $3.10 per Vista common share, amounting to $16.00 per share, representing a 24% increase over the previous offer. Vista expects the transaction to be completed this year, pending approval from Vista shareholders and the US Committee on Foreign Investment.

Vista shares closed at $34.90 on the New York Stock Exchange on Friday. Due to a holiday, there was no trading on Monday in the US markets. Before the start of Tuesday's trading, Vista shares were up more than half a percent at $35.10.