Deals
Gunmaker's Investors Chafe at Plan to Sell Firearms Business
- Vista tumbles most since November on potential gun brands sale
- Company faced pressure from retailers after Parkland shooting
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Vista Outdoor Inc., which has drawn criticism in recent weeks for owning a firearms business, tumbled the most in almost six months after saying it wants to sell its gun brands.
Vista’s Savage Arms unit will be up for sale as part of a “strategic business transformation plan,” that will retain a focus on selling ammunition, according to a statement Tuesday.