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FORT SMITH, Ark., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Rally House, a national sports apparel and merchandise retailer, officially opened their doors to their newest Arkansas storefront location on Friday, November 22 nd , with Rally House Fort Smith Pavilions. Rally House Fort Smith Pavilions is the company's fourth new storefront to open in Arkansas this year, bringing their total store count in the state up to seven locations. Find Rally House in the Fort Smith Pavilions shopping center, between Michael's and Best Buy. Rally House Fort Smith Pavilions helps fill the need of a premier, high-quality sports merchandise retailer in the Fort Smith area. This brick-and-mortar location will be home to a vast assortment of Arkansas Razorbacks merchandise but will also carry great products for other celebrated teams in the area including the Dallas Cowboys, Kansas City Chiefs, Texas Rangers, Arkansas State, and Central Arkansas, among others. The product selection Rally House Fort Smith Pavilions provides will be everchanging as the company is constantly restocking their shelves with the most popular gear and newest styles. "We are so excited to be open in Fort Smith and ready to help customers cross everyone off on their list for this holiday season," says VP of Marketing Strategy, Aaron Johnson. "Rally House Fort Smith Pavilions is a great spot for us to open in, they have some of the most passionate fans in all of sports there and will be a convenient location for traveling fans to stop in on their way to Fayetteville from southern and western Arkansas," added Johnson. Rally House Fort Smith Pavilions provides residents and visitors of the area a unique shopping experience with a wide selection of team products to browse in-store. Pairing alongside their officially licensed team merchandise, Rally House also carries locally inspired products and gifts celebrating area businesses, landmarks, and destinations. There is truly something for every fan at Rally House Fort Smith Pavilions. The staff at Rally House Fort Smith Pavilions is eager to assist customers and the company looks forward to further expanding their presence in the state of Arkansas. Customers are invited to visit Rally House Fort Smith Pavilions store page and follow the company on Instagram ( @rally_house ) and Facebook ( @RallyHouse ) for updates and current store information. About Rally House Rally House and Sampler Stores Inc. is a family-owned specialty boutique that offers a large selection of apparel, hats, gifts and home décor representing local NCAA, NFL, MLB, NBA, NHL, and MLS teams in addition to locally inspired apparel, gifts and food. Proudly based in Lenexa, Kansas, Rally House operates 275+ locations across 23 states. CONTACT: Aaron Johnson, VP of Marketing Strategy media@rallyhouse.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Where family and resident councils are most common in US nursing homesDAMASCUS, Syria — Syria's prime minister said Monday that most cabinet ministers were back at work after rebels overthrew President Bashar Assad, but some state workers failed to return to their jobs, and a United Nations official said the country's public sector came "to a complete and abrupt halt." Meanwhile, streams of refugees crossed back into Syria from neighboring countries, hoping for a more peaceful future and looking for relatives who disappeared during Assad's brutal rule. The rebel alliance now in control of much of the country is led by a former senior al-Qaida militant who severed ties with the extremist group years ago and promises representative government and religious tolerance. The rebel command said Monday they would not tell women how to dress. Syrian citizens stand on a government forces tank that was left on a street Monday as they celebrate in Damascus, Syria. "It is strictly forbidden to interfere with women's dress or impose any request related to their clothing or appearance, including requests for modesty," the command said on social media. Nearly two days after rebels entered the capital, some key government services shut down after state workers ignored calls to go back to their jobs, the U.N. official said, causing issues at airports and borders and slowing the flow of humanitarian aid. Rebel leader Ahmad al-Sharaa, who was long known by his nom de guerre Abu Mohammed al-Golani, also met for the first time with Prime Minister Mohammad Ghazi Jalali, who stayed in Syria when Assad fled. Israel said it carried out airstrikes on suspected chemical weapons sites and long-range rockets to keep them from falling into the hands of extremists. Israel also seized a buffer zone inside Syria after Syrian troops withdrew. Syrians wait to cross into Syria from Turkey on Monday at the Oncupinar border gate near the town of Kilis, southern Turkey. In northern Syria, Turkey said allied opposition forces seized the town of Manbij from Kurdish-led forces backed by the United States, a reminder that even after Assad's departure, the country remains split among armed groups that have fought in the past. The Kremlin said Russia granted political asylum to Assad, a decision made by President Vladimir Putin. Kremlin spokesperson Dmitry Peskov declined to comment on Assad's specific whereabouts and said Putin did not plan to meet with him. Damascus was quiet Monday, with life slowly returning to normal, though most shops and public institutions were closed. In public squares, some people still celebrated. Civilian traffic resumed, but there was no public transport. Long lines formed in front of bakeries and other food stores. There was little sign of any security presence, though in some areas small groups of armed men were stationed in the streets. Syrian citizens celebrate Monday during the second day of the takeover of the city by the insurgents in Damascus, Syria. Across swathes of Syria, families are now waiting outside prisons, security offices and courts, hoping for news of loved ones who were imprisoned or who disappeared. Just north of Damascus in the feared Saydnaya military prison, women detainees, some with their children, screamed as rebels broke locks off their cell doors. Amnesty International and other groups say dozens of people were secretly executed every week in Saydnaya, and they estimate that up to 13,000 Syrians were killed between 2011 and 2016. "Don't be afraid," one rebel said as he ushered women from packed cells. "Bashar Assad has fallen!" In southern Turkey, Mustafa Sultan was among hundreds of Syrian refugees waiting at border crossings to head home. He was searching for his older brother, who was imprisoned under Assad. "I haven't seen him for 13 years," he said. "I am going to go see whether he's alive." Jalali, the prime minister, sought to project normalcy since Assad fled. "We are working so that the transitional period is quick and smooth," he told Sky News Arabia TV on Monday, saying the security situation already improved from the day before. At the court of Justice in Damascus, which was stormed by the rebels to free detainees, Judge Khitam Haddad, an aide to the justice minister in the outgoing government, said Sunday that judges were ready to resume work quickly. "We want to give everyone their rights," Haddad said outside the courthouse. "We want to build a new Syria and to keep the work, but with new methods." But a U.N. official said some government services were paralyzed as worried state employees stayed home. The public sector "has just come to a complete and abrupt halt," said U.N. Resident and Humanitarian Coordinator for Syria Adam Abdelmoula, noting, for example, that an aid flight carrying urgently needed medical supplies was put on hold after aviation employees abandoned their jobs. "This is a country that has had one government for 53 years and then suddenly all of those who have been demonized by the public media are now in charge in the nation's capital," Abdelmoula told The Associated Press. "I think it will take a couple of days and a lot of assurance on the part of the armed groups for these people to return to work again." People wave Syrian opposition flags at City Hall Square in Copenhagen, Denmark, Sunday, Dec. 8, 2024. (Emil Nicolai Helms/Ritzau Scanpix via AP) People attend a rally celebrating the fall of Syrian President Bashar Assad's government, at central Syntagma square, in Athens, Greece, Sunday, Dec. 8, 2024. (AP Photo/Yorgos Karahalis) People wave Syrian opposition flags at City Hall Square in Copenhagen, Denmark, Sunday, Dec. 8, 2024. (Emil Nicolai Helms/Ritzau Scanpix via AP) People gather to react following the fall of Syrian president Bashar Assad’s government, in Trafalgar Square, in London, Sunday, Dec. 8, 2024. (AP Photo/Alberto Pezzali) People wave Syrian opposition flags at City Hall Square in Copenhagen, Denmark, Sunday, Dec. 8, 2024. (Emil Nicolai Helms/Ritzau Scanpix via AP) People gather to react following the fall of Syrian president Bashar Assad’s government, in Trafalgar Square, in London, Sunday, Dec. 8, 2024. (AP Photo/Alberto Pezzali) People attend a rally celebrating the fall of Syrian President Bashar Assad's government, at central Syntagma square, in Athens, Greece, Sunday, Dec. 8, 2024. (AP Photo/Yorgos Karahalis) Members of the Syrian community in Finland wave a Syrian flag and celebrate in Helsinki, Finland, Dec. 8, 2024. (Roni Rekomaa/Lehtikuva via AP) People attend a rally celebrating the fall of Syrian President Bashar Assad's government, at central Syntagma square, in Athens, Greece, Sunday, Dec. 8, 2024. (AP Photo/Yorgos Karahalis) Syrians wave opposition flags and give out sweets during a spontaneous rally in Wuppertal, Germany, Sunday, Dec. 8, 2024, following the fall of Syrian president Bashar Assad’s government. (Christoph Reichwein/dpa/dpa via AP) Syrians celebrate the fall of the Assad regime in Syria at a demonstration in Stockholm, Sweden, Sunday, Dec. 8, 2024. (Jonas Ekstroemer/TT News Agency via AP) A Syrian man waves a flag during a spontaneous demonstration celebrating the fall of the Assad regime, in Nicosia, Cyprus, Sunday, Dec. 8, 2024. (AP Photo/Petros Karadjias) People gather to celebrate the Syrian government fall at Faith mosque in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) Syrians wave Syrian opposition flags at a rally in Wuppertal, Germany, Sunday, Dec. 8, 2024, following the fall of Syrian president Bashar Assad’s government. (Christoph Reichwein/dpa/dpa via AP) People wave Syrian opposition flags at City Hall Square in Copenhagen, Denmark, Sunday, Dec. 8, 2024. (Emil Nicolai Helms/Ritzau Scanpix via AP) Syrians living in France gather on Republique square after the Syrian government fell early today in a stunning end to the 50-year rule of the Assad family, Sunday, Dec. 8, 2024 in Paris. (AP Photo/Aurelien Morissard) People gather to celebrate the Syrian government fall at Faith mosque in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) People gather to celebrate the Syrian government fall at Faith mosque in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) People gather to celebrate the Syrian government's fall, in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) Syrians living in France hug during a rally on Republique square after the Syrian government fell early today in a stunning end to the 50-year rule of the Assad family, Sunday, Dec. 8, 2024 in Paris. (AP Photo/Aurelien Morissard) People gather to react following the fall of Syrian president Bashar Assad’s government, in Trafalgar Square, in London, Sunday, Dec. 8, 2024. (AP Photo/Alberto Pezzali) People gather to celebrate the Syrian government fall at Faith mosque in Istanbul, Turkey, Sunday, Dec. 8, 2024. (AP Photo/Emrah Gurel) People attend a rally celebrating the fall of Syrian President Bashar Assad's government, at central Syntagma square, in Athens, Greece, Sunday, Dec. 8, 2024. (AP Photo/Yorgos Karahalis) A Syrian man waves a flag during a spontaneous demonstration celebrating the fall of the Assad regime in Nicosia, Cyprus, Sunday, Dec. 8, 2024. (AP Photo/Petros Karadjias) Get local news delivered to your inbox!Tottenham Hotspur have confirmed that first-choice goalkeeper Guglielmo Vicario has undergone surgery on his right ankle. The 28-year-old will be out for the foreseeable future and the club has yet to announce any timeline for his return. It is a major setback for a team that has just come off a massive 4-0 away at reigning champions Manchester City. Tottenham Confirm Guglielmo Vicario ’s Ankle Surgery We can confirm that Guglielmo Vicario has today undergone surgery for a fracture of his right ankle. Guglielmo will be assessed by our medical staff to determine when he can return to training. We're all behind you, Vic pic.twitter.com/FURltXcb3N — Tottenham Hotspur (@SpursOfficial) November 25, 2024 Who Will Replace Vicario Vicario started every Premier League match for the team, keeping four clean sheets in that time. The Italian international has come a long way since signing with the North London club and is now one of the best and most ‘ outstanding ‘ keepers in the league. His most obvious replacement is veteran keeper Fraser Forster. The 36-year-old last played a Premier League game for the Liliywhites in the 2022/23 season and has been used in the odd cup or European outing since then. In his three starts this term the former Southampton number one has kept one clean sheet and conceded four goals. Other options include Brandon Austin and Alfie Whiteman, though neither keeper has first-team experience. Manager Ange Postecoglou is unlikely to choose either option. January Transfer Window Could Provide New Options As the club has not released any timeline for Vicario’s recovery, it is hard to determine what their outlook will be in the winter transfer window. Tottenham currently sit sixth, just three points behind archrivals Arsenal for a Champions League spot. If they are still in contention for the top four heading into the new year, they could possibly look to strengthen their goalkeeper stocks. But first, they must make it through the most congested schedule of the season. They are still in the EFL Cup and have Europa League matches coming up. Along with a heavy amount of Premier League games, this will see them play 10 games between now and the new year. This article first appeared on Last Word On Sports and was syndicated with permission.
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THE HAGUE >> The International Criminal Court issued arrest warrants today for Israeli Prime Minister Benjamin Netanyahu and his former defense chief, as well as a Hamas leader, Ibrahim Al-Masri, for alleged war crimes and crimes against humanity in the Gaza conflict. In their decision, the ICC judges said there were reasonable grounds to believe Netanyahu and Yoav Gallant were criminally responsible for acts including murder, persecution and starvation as a weapon of war as part of a “widespread and systematic attack against the civilian population of Gaza.” Judges said there were also reasonable grounds to believe the blockade on Gaza and lack of food, water, electricity, fuel and medical supplies “created conditions of life calculated to bring about the destruction of part of the civilian population in Gaza, which resulted in the death of civilians, including children, due to malnutrition and dehydration.” The decision was met with outrage in Israel, which called it shameful and absurd. Gaza residents expressed hope it would help end the violence and bring those responsible for war crimes to justice. Hamas welcomed the warrants against the Israelis, and a senior official told Reuters it was a first step towards justice. The warrant for Masri lists charges of mass killings during the Oct. 7, 2023, attacks on Israel that triggered the Gaza war, and also charges of rape and the taking of hostages. Israel has said it killed Masri, also known as Mohammed Deif, in an airstrike in July but Hamas has neither confirmed nor denied this. The prosecution indicated it would continue to gather information with respect to his reported death. Israel has rejected the jurisdiction of the Hague-based court and denies war crimes in Gaza. The United States, Israel’s main diplomatic supporter, is also not a member of the ICC. It said it “fundamentally rejects” the move. “We remain deeply concerned by the prosecutor’s rush to seek arrest warrants and the troubling process errors that led to this decision,” a White House National Security Council spokesperson said, adding that the U.S. is discussing next steps with its partners. Global powers Russia, China and India have also not signed onto the ICC, the world’s permanent war crimes court, which is backed by all of the European Union, Australia, Canada, Britain, Brazil, Japan and dozens of African and Latin American countries. ICC prosecutor Karim Khan had announced on May 20 that he was seeking arrest warrants for alleged crimes connected to the Hamas-led attacks on Israel and the Israeli military response in Gaza. Israeli and Hamas leaders have dismissed allegations that they committed war crimes. The court does not have its own police force to carry out arrests and relies on its 124 member states for that, with only limited diplomatic means to force them if they do not want to. Khan called on signatories of the court’s founding treaty “to live up to their commitment to the Rome Statute by respecting and complying with these judicial orders.” In a statement he said “we count on their cooperation in this situation, as with all other situations... We also welcome collaboration with non-states parties in working towards accountability and upholding international law.” GLOBAL REACTION “Netanyahu and Gallant now are war criminals and sooner or later some country will bring them to justice, no matter how long it takes,” said Shaban Abed, 47, a technical engineer and a resident of Gaza City, now displaced in the Khan Younis area. He said the court’s move was “late, but never too late.” Rabeeha, a mother of five and a resident of Gaza City who only gave her first name, said she hoped it would help bring an end to the war. “I hope we can soon see Netanyahu and the criminal Gallant in jail,” she said. “Now they can’t travel, now they are being hunted.” Netanyahu’s office said the ICC decision was “antisemitic” and he will “not yield to pressure, will not be deterred” until Israel’s war objectives are met. The ICC has “lost all legitimacy” after issuing the arrest warrants for Netanyahu and Gallant, Israel’s Foreign Minister Gideon Saar said. “A dark moment for the International Criminal Court,” Saar said on X, adding that it had issued “absurd orders without authority.” There was no immediate comment from Gallant. In a statement, Hamas welcomed the warrants against Gallant and Netanyahu and urged the court to expand accountability to all Israeli leaders. Senior Hamas official Basem Naim told Reuters the warrants against the Israelis were an important step towards bringing justice for the victims and that all countries should back them. The EU’s foreign policy chief, Josep Borrell, said the decision was not political but made by a court and thus should be respected and implemented. “The tragedy in Gaza has to stop,” he said. Jordan’s foreign minister Ayman Safadi also said the ICC’s decision must be implemented, adding that Palestinians deserved justice after what he termed Israel’s “war crimes” in Gaza. The Netherlands’ foreign minister Caspar Veldkamp said his country acts on arrest warrants for people on its territory and will not engage in “non-essential” contacts. Republican Senator Lindsey Graham, a close ally of President-elect Donald Trump, said: “The court is a dangerous joke. It is now time for the U.S. Senate to act and sanction this irresponsible body.” Israel’s 13-month campaign in Gaza has killed about 44,000 Palestinians and displaced nearly all the enclave’s population while creating a humanitarian crisis, Gaza officials say. It launched the campaign in response to the October 2023, Hamas-led attack which killed 1,200 people in southern Israel, with more than 250 others taken hostage, Israel has said. Reporting by Stephanie van den Berg in The Hague, Nidal Al-Mughrabi in Cairo, Nadine Awadalla in Dubai, Toby Sterling, Charlotte Van Campenhout and Bart Meijer in Amsterdam; Additional reporting by Trevor Hunnicutt and Doina Chiacu; Writing by Ingrid Melander and Anthony Deutsch.
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Man accused in the burning death of a woman on a New York subway appears in courtDecember 5, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlightedthe following attributes while ensuring the content's credibility: fact-checked peer-reviewed publication trusted source proofread by Katie Brady, University of Illinois at Urbana-Champaign In a recent study published in Nature Communications , a team of researchers at the Carl R. Woese Institute for Genomic Biology reports a new, robust computational toolset to extract biological relationships from large transcriptomics datasets. These efforts will help scientists better investigate cellular processes. Living organisms are governed by their genome—an instruction manual written in the language of DNA that dictates how an organism grows, survives, and reproduces. By regulating the abundance of different RNA transcripts, cells control their protein expression level, thereby shaping their functions and responses to the environment. Transcriptomics is the study of gene expression through cataloging the presence and abundance levels of active RNA transcripts generated from the genome under different conditions. Through the lens of RNA, transcriptomics technologies allow scientists to study the complex interactions that enable life and cause disease, as well as assess the biological effects of therapeutics. Imaging-based spatial transcriptomics technologies are powerful methods to map the locations of hundreds to thousands of RNA transcripts within tissues to investigate the spatial organization of molecules and cells across tissues. "It's a completely new way of probing molecular interactions," said Hee-Sun Han (IGOH/GNDP), a professor of chemistry at the University of Illinois Urbana-Champaign. "Although we are getting a spatial map of molecules, like a really detailed Google Map, the community is not really clear on how to utilize the dataset. In this study, we utilize the co-localization pattern of molecules to identify potentially interacting molecular pairs and infer their functions. This is the beginning of our long journey to think about what information is embedded in this space." After connecting through the IGB's Gene Networks in Neural and Development Plasticity Research Theme, Han teamed up with Dave Zhao (GNDP), a professor of statistics at Illinois, and Saurabh Sinha, a former Illinois professor and current professor of biomedical engineering at the Georgia Institute of Technology. Using Han's knowledge of the technology and Sinha and Zhao's expertise in genomics analysis and statistics, they developed InSTAnT, an intracellular spatial transcriptomics toolkit. "I would say that the fundamental model of a cell can be thought of in terms of how its internal components are situated relative to each other, and not just how much of each there is. The toolkit allows you to break down these complicated biological systems into their smallest, most irreducible parts. Our new idea was to not so much look at where these smallest components are located, but instead how they are located with respect to each other," Zhao said. InSTAnT uses robust statistical tests and algorithms to identify proximal pairs—RNA transcripts located in close proximity. By finding these proximal pairs, InSTAnT offers new insights into sets of molecules that tend to work together, which can help scientists begin to understand their functions. "As an analogy, let's say we don't really know anything about how society functions. Who people interact with forms the basis of the function of the society. So, if we want to learn who is interacting with each other, what the functional units are, and what these units do, we can look at their relative location," Han said. Discover the latest in science, tech, and space with over 100,000 subscribers who rely on Phys.org for daily insights. Sign up for our free newsletter and get updates on breakthroughs, innovations, and research that matter— daily or weekly . Following this analogy, if one took photos of proximal pairs of people at different times of day, they could learn about their relationships and roles in society when analyzing the data. If people are located together during the day in Urbana, it could suggest that they are coworkers at Illinois. But if people tend to colocalize at night, it could indicate that they are roommates or family members. This is the basis of InSTAnT's technology. By looking at the simplest components of a complex system, one can begin to understand how complicated phenomena emerge. The InSTAnT toolkit also tests if a proximal pairs' sub-cellular colocalization shows any tissue-level spatial patterns, further adding to the benefits of using this technology. But while the underlying principles of identifying proximal pairs and searching for their colocalization patterns may sound simple, in practice InSTAnT is a highly complex statistical tool that was challenging to develop. "We drew inspiration from spatial statistics that have been developed for other contexts, such as ecology. While describing molecules inside a cell can be likened to describing trees in a region, there are unique differences such as the peculiarity and heterogeneity of cells that did not allow us to just use those statistics for the modeling," said Sinha, the lead researcher on the project. "So, we had to draw on completely different models, even non-spatial statistics, and combine these with spatial ideas to do the final modeling." Sinha credits Anurendra Kumar, a graduate student in his research group and first author of the paper, for driving this challenging project and bringing InSTAnT to life. Another key component of the InSTAnT toolkit is its accuracy and statistical rigor, especially when compared to existing tools. InSTAnT provides reproducible findings while maintaining a low rate of false positives when identifying proximal pairs. They accomplished this high robustness by leveraging team science. "One of the nice things about this team is that we were able to do both experimental and analytical work by collaborating. The Han group generated extra data in the lab so we could validate and test this tool. The ability to look at these robustness metrics, not just analytically or with simulated data, but also with real in vitro experimental data, is a big strength," Zhao said. The trio of professors acknowledged that the collective, collaborative efforts of their students was important to successfully pull off this multi-lab project. But as this chapter closes with the publication of the InSTAnT toolkit, this team's work is not done. Han said, "I got to know Saurabh and Dave through this collaboration, and we're developing new projects to tackle more grand challenge problems. This requires a multi-pronged approach that uses all of our different expertise. So to me, this is just the beginning of our exciting work together." More information: Anurendra Kumar et al, Intracellular spatial transcriptomic analysis toolkit (InSTAnT), Nature Communications (2024). DOI: 10.1038/s41467-024-49457-w Journal information: Nature Communications Provided by University of Illinois at Urbana-Champaign
Ossoff says DeJoy’s Postal Service leadership continues to disappointANOKA, Minn.--(BUSINESS WIRE)--Nov 25, 2024-- Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today announced that its stockholders voted to approve the sale of The Kinetic Group to Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”) at its special meeting of stockholders held earlier today. Vista Outdoor and CSG have received all regulatory approvals required under the merger agreement for the CSG Transaction and intend to close the CSG Transaction on November 27, 2024. Under the terms of the CSG Transaction, Vista Outdoor stockholders will receive $25.75 in cash and one share of Revelyst common stock for each share of Vista Outdoor common stock they hold. “We are thrilled to have received overwhelming support from our stockholders for the compelling transaction with CSG,” said Michael Callahan, Chairman of the Vista Outdoor Board of Directors. “The CSG transaction maximizes value for our stockholders, while also providing an ideal home for our leading ammunition brands and significant opportunities for our employees.” Based on the vote count from the special meeting of stockholders, approximately 97.89% of votes cast were in favor of the CSG Transaction, representing approximately 82.57% of all outstanding shares. The final voting results will be reported in a Form 8-K filed with the U.S. Securities and Exchange Commission. Following the closing of the CSG Transaction, Revelyst will begin trading on the New York Stock Exchange under the ticker “GEAR”. Subject to the receipt of necessary regulatory approvals and satisfaction of other customary closing conditions, funds managed by Strategic Value Partners, LLC (“SVP”) will subsequently acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion (the “SVP Transaction”), subject to a net cash adjustment. At the closing of the SVP Transaction, Revelyst stockholders will receive an estimated $19.25 in cash per share of Revelyst common stock 1. The SVP Transaction is on track to close by January 2025. No separate approval of the SVP Transaction by Vista Outdoor stockholders is required. Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor. Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor. About Vista Outdoor Inc. Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fox Racing, Bell Helmets, Camp Chef, Giro, Simms Fishing, QuietKat, Stone Glacier, Federal Ammunition, Remington Ammunition and more. Our reporting segments, Outdoor Products and Sporting Products, provide consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. For news and information, visit our website at www.vistaoutdoor.com Forward-Looking Statements Some of the statements made and information contained in this press release, excluding historical information, are “forward-looking statements,” including those that discuss, among other things: Vista Outdoor Inc.’s (“Vista Outdoor”, “we”, “us” or “our”) plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words “believe,” “expect,” “anticipate,” “intend,” “aim,” “should” and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause our actual results to differ materially from the expectations described in such forward-looking statements, including the following: risks related to the previously announced transaction among Vista Outdoor, Revelyst, Inc., CSG Elevate II Inc., CSG Elevate III Inc. and CZECHOSLOVAK GROUP a.s. (the “CSG Transaction”) and risks related to the previously announced transaction among Vista Outdoor, Revelyst, Olibre LLC and Cabin Ridge, Inc. (the “SVP Transaction”) including (i) the possibility that any or all of the various conditions to the consummation of the CSG Transaction or the SVP Transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals), (ii) the possibility that competing offers or acquisition proposals may be made, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the CSG Transaction or the SVP Transaction, including in circumstances which would require Vista Outdoor or Revelyst, as applicable, to pay a termination fee, (iv) the effect of the announcement or pendency of the CSG Transaction or the SVP Transaction on our ability to attract, motivate or retain key executives and employees, our ability to maintain relationships with our customers, vendors, service providers and others with whom we do business, or our operating results and business generally, (v) risks related to the CSG Transaction or the SVP Transaction diverting management’s attention from our ongoing business operations, (vi) that the CSG Transaction or the SVP Transaction may not achieve some or all of any anticipated benefits with respect to either business segment and that the CSG Transaction or the SVP Transaction may not be completed in accordance with our expected plans or anticipated timelines, or at all, and (vii) that the consideration paid to Revelyst stockholders in connection with the SVP Transaction cannot be determined until the consummation of the SVP Transaction as it is subject to certain adjustments related to the net cash of Revelyst as of the closing of the SVP Transaction and the management team’s current estimate of the consideration may be higher or lower than the actual consideration paid to Revelyst stockholders in connection with the SVP Transaction due to the actual cash flows prior to the closing of the SVP Transaction or other factors; impacts from the COVID-19 pandemic on our operations, the operations of our customers and suppliers and general economic conditions; supplier capacity constraints, production or shipping disruptions or quality or price issues affecting our operating costs; the supply, availability and costs of raw materials and components; increases in commodity, energy, and production costs; seasonality and weather conditions; our ability to complete acquisitions, realize expected benefits from acquisitions and integrate acquired businesses; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories, or other outdoor sports and recreation products; disruption in the service or significant increase in the cost of our primary delivery and shipping services for our products and components or a significant disruption at shipping ports; risks associated with diversification into new international and commercial markets, including regulatory compliance; our ability to take advantage of growth opportunities in international and commercial markets; our ability to obtain and maintain licenses to third-party technology; our ability to attract and retain key personnel; disruptions caused by catastrophic events; risks associated with our sales to significant retail customers, including unexpected cancellations, delays, and other changes to purchase orders; our competitive environment; our ability to adapt our products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; our ability to maintain and enhance brand recognition and reputation; our association with the firearms industry, others’ use of social media to disseminate negative commentary about us, our products, and boycotts; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury, and environmental remediation; our ability to comply with extensive federal, state and international laws, rules and regulations; changes in laws, rules and regulations relating to our business, such as federal and state ammunition regulations; risks associated with cybersecurity and other industrial and physical security threats; interest rate risk; changes in the current tariff structures; changes in tax rules or pronouncements; capital market volatility and the availability of financing; our debt covenants may limit our ability to complete acquisitions, incur debt, make investments, sell assets, merge or complete other significant transactions; foreign currency exchange rates and fluctuations in those rates; general economic and business conditions in the United States and our markets outside the United States, including as a result of the war in Ukraine and the imposition of sanctions on Russia, the conflict in the Gaza strip, the COVID-19 pandemic or another pandemic, conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers. You are cautioned not to place undue reliance on any forward-looking statements we make, which are based only on information currently available to us and speak only as of the date hereof. A more detailed description of risk factors that may affect our operating results can be found in Part 1, Item 1A, Risk Factors, of our Annual Report on Form 10-K for fiscal year 2024, and in the filings we make with the SEC from time to time. We undertake no obligation to update any forward-looking statements, except as otherwise required by law. 1 Based on management estimates, including an assumption the SVP Transaction closes on December 31, 2024. View source version on businesswire.com : https://www.businesswire.com/news/home/20241125635762/en/ CONTACT: Investor: Tyler Lindwall Phone: 612-704-0147 Email:investor.relations@vistaoutdoor.comMedia: Eric Smith Phone: 720-772-0877 Email:media.relations@vistaoutdoor.com KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: RETAIL OTHER CONSUMER CONSUMER OTHER RETAIL MANUFACTURING OTHER MANUFACTURING SOURCE: Vista Outdoor Inc. Copyright Business Wire 2024. PUB: 11/25/2024 04:01 PM/DISC: 11/25/2024 04:01 PM http://www.businesswire.com/news/home/20241125635762/en
