FYI -- Comment on Vista Outdoor Sale to CSG

[rjtfroggy]

MSN

Quote: "The potential sale of an American ammunition maker to a Czech arms company is drawing scrutiny from some lawmakers, highlighting concern about foreign ownership in a key industry in the midst of global arms shortages sparked by the continuing wars in Ukraine and Gaza.

Minnesota-based Vista Outdoor announced in October that it had agreed to a $1.91 billion sale of its firearms business—which includes ammunition brands such as Remington—to the Czechoslovak Group, or CSG, based in Prague, a major supplier of munitions and military equipment to Ukraine.

Opponents of the deal, including former Secretary of State Mike Pompeo and Sen. J.D. Vance (R., Ohio), an ally of former President Donald Trump, have alleged CSG links to China and Russia and urged the Treasury Department to block the sale through the Committee on Foreign Investment in the U.S., or Cfius, which is reviewing the purchase."

What is next?

 

[Mcrider55]

There is little chance that this purchase by the Czech's, even with approval at all levels can be accomplished before Trump takes office. Expect court injunctions to delay it all along the way.

 

[NorCalMikie]

But we can sell our real property right next to our military bases to China with no issues but the sale of a U.S. ammo company is a big deal?

 

[Bill K]

Sounds like the Biden admid and other lib's only deal with communist countries. And file court actions if a sale or export is to non-communist's.

 

[D-4297]

Guess I should build up my decent stock of Rem 7-1/2's before I have to start ordering them from the Ukraine , or from the Czechs , huh ?