Vista Outdoor strikes deal to sell itself in parts to two buyers for $3.4 billion

Vista Outdoor strikes deal to sell itself in parts to two buyers for .4 billion

Vista Outdoor on Friday agreed to sell itself in parts to two separate buyers for a total of $3.35 billion, including debt, after fending off a hostile suitor that pursued the sporting goods and ammunitions maker for months. Vista struck a deal to sell its sporting goods unit, Revelyst, to investment firm Strategic Value Partners for $1.1 billion, according to a statement seen by Reuters. It has also agreed to revise … Read more

Disney faces class action lawsuit over employee data breach

Disney faces class action lawsuit over employee data breach

Walt Disney Co. has been hit with a class action lawsuit accusing the Burbank-based entertainment giant of negligence, breach of implied contract and other misconduct in connection with a massive data breach that occurred earlier this year. Plaintiff Scott Margel submitted the complaint on Thursday in Los Angeles County Superior Court against Disney and Disney … Read more

US warships and planes strike Houthi targets in Yemen

US warships and planes strike Houthi targets in Yemen

The US military says it has launched strikes on the Iranian-backed Houthi group in Yemen, hitting 15 targets. The Pentagon said it used aircrafts and warships to launch the attacks in order “to protect freedom of navigation”. Several explosions were reported in some of Yemen’s main cities, including the capital Sanaa. Since November, the Houthis … Read more