5G Enterprise Market to Exhibit a Remarkable CAGR of 11.40% by 2032, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive OutlookMUNICH, Germany : Bayern Munich coach Vincent Kompany said he had yet to fully understand how the new Champions League format worked after his team earned a hard-fought 1-0 victory over Paris St Germain on Tuesday to improve their chances of reaching the knockout stage. Bayern needed a first-half goal from defender Kim Min-jae to battle past 10-man PSG and claim a third win in five matches. "I don't look at the table because, honestly. I don't yet understand it," Kompany told a press conference. "It will look good if we win a few more matches." The Bavarians climbed to 11th with nine points from five games, a point off the top eight places that bring automatic qualification for the last 16. PSG are 26th on four, outside the playoff spots with three matches remaining in the first phase. In the new 36-team league format this season, teams face eight teams instead of meeting three opponents twice. They play half of those games at home and half away. The top eight sides advance directly to the last 16, while those finishing ninth to 24th enter a two-legged playoff for a chance to secure a spot in the next stage. "What's important is to reach our goal. If we win our remaining games we have a chance to make the top eight," Belgian Kompany, in his first season in charge at Bayern, said. "I'm obviously happy. Our pressing in the first half was very good. The discipline was there. We could have scored perhaps one or two more goals, but the result is good." "We are on the right track but working to become even better," he added.
Julen Lopetegui says West Ham were worthy winners at NewcastleFA CUP winner Derek Mountfield has launched an appeal for the return of his stolen motorhome. The 63-year-old, who triumphed at Wembley with Everton back in 1984 in a 2-0 win over Watford , shared a picture of his vehicle on social media and a heartfelt plea for it to be found. Speaking on X , he said: "So f***ing annoyed, our motorhome was stolen last night 😡😡. "WX18CUK Elddis Autoquest 196 [number plate]. "Any info would be appreciated, but I fear it's too late now 🙏." Reacting to the post, one of his 22,000 followers replied: "That’s awful Derek 😔😔😔😔." READ MORE IN FOOTBALL While another added: "Hope you get it back 🙏 shared!" A third responded: "No way. Aww Derek. So sorry to hear your terrible news." And a fourth said: "Gutted mate. Hopefully it's found soon." As well as his FA Cup win, ex-centre-back Mountfield, who was at Goodison Park for six years until 1988, also claimed First Division titles with Everton in 1985 and 1987. Most read in Football In 1985, The Toffees also won the Cup Winners' Cup. Mountfield, who played once for England B but never earned a senior cap, also had spells at Tranmere, Aston Villa , Wolves, Carlisle, Northampton, Walsall and Scarborough. He hung up his boots in 1999 and had a brief managerial career with Scarborough and Cork City - who he departed in 2001.Most Americans, from both parties, say the government needs to increase the supply of affordable housing. For President-elect Donald Trump, that should offer a good opportunity to summon his instincts for development — and self-promotion — to get America building again. Call it the “Trump Building Boom.” The problem is clear: For more than a decade, housing construction has failed to keep up with U.S. population growth and household formation. This has helped drive a nearly 50 percent increase in the median sales price of houses and a similar jump in rents, outstripping an 18 percent gain in real median household income. The income required to afford a new single-family home is now almost twice what it was five years ago, and nearly half of renting households spend more than 30 percent of their income on rent. By some measures, homelessness is at a record level. Normally, rising prices should spur construction, and there are signs that is starting to happen. But why not faster? For one thing, in many of the cities with the most severe housing shortages, local zoning restrictions, land-use regulations, rent controls, affordable-housing mandates and permitting requirements — among other burdens — limit development. Sustained attention to complex problems does not come naturally to Trump. But as a second-generation real estate developer, he has had plenty of personal experience with the bureaucratic obstacles and political opposition that housing plans often encounter. This might offer him an advantage in helping the U.S. build the estimated 2.5 million homes the country needs. Success would depend on three things. First, the administration should encourage a wave of rezoning and deregulation at state and local levels, which is the source of most of the friction. In his first term, Trump promised an effort along these lines and established a council to study the problem. This time around, he should act on its recommendations, including by helping local governments dial back costly requirements such as parking minimums and minimum lot sizes and speed up permitting. Perhaps the “freedom cities” Trump says he wants to build on federal land (details TBD) might be exemplars in this regard. More prosaically, the administration should change federal policies that needlessly raise the cost of construction. This could include reducing certain tariffs — such as those on Canadian lumber, which were sharply increased during the Biden administration — as well as expediting environmental reviews and reducing red tape. To help address the 288,000 job openings in construction, up from an average of 190,000 since 2000, Trump could create incentives for community colleges and vocational schools to provide relevant training and offer more visas for qualified immigrants. Finally, Trump has promised to reduce interest rates, which would certainly help make housing more affordable. The problem is that many of his policies would tend to make that job much harder. Here the president should try to be pragmatic. A commitment to respect the Federal Reserve’s independence would cost him little but help a lot. So might a pledge to cut spending and to moderate the many tax cuts he has talked about. Trump’s record suggests that any such compromise is a long shot. Then again, if there’s one consistency in Trump’s career, it’s that he defies expectations. Providing an ample supply of housing — and making life more affordable — should be a goal of every policymaker. Trump will arrive in office with an opportunity to achieve that goal. “Build, baby, build,” you might say. — Bloomberg News
Newly named Prime Minister Francois Bayrou put together the government that includes members of the outgoing conservative-dominated team and some new figures from centrist or left-leaning backgrounds. Coming up with a 2025 budget will be the most urgent order of business. The new government enters office after months of political deadlock and pressure from financial markets to reduce France’s colossal debt. Mr Macron has vowed to remain in office until his term ends in 2027, but has struggled to govern since snap elections in the summer left no single party with a majority in the National Assembly. Since his appointment 10 days ago, Mr Bayrou has held talks with political leaders from various parties in search of the right balance for the new government. Some critics were angry at Mr Bayrou for consulting with Marine Le Pen’s far-right party, and some argue the government looks too much like the old one to win the trust of politicians. Former prime minister Michel Barnier resigned this month following a no-confidence vote prompted by budget disputes in the National Assembly, leaving France without a functioning government. Ms Le Pen played a key role in Mr Barnier’s downfall by joining her National Rally party’s forces with the left to pass the no-confidence motion. Mr Bayrou will need support from moderate legislators on the right and left to keep his government alive. Banker Eric Lombard will be finance minister, a crucial post when France is working to fulfil its promises to European Union partners to reduce its deficit, estimated to reach 6% of its gross domestic product this year. Mr Lombard briefly worked as an adviser to a socialist finance minister in the 1990s. Mr Bayrou has said he supports tax hikes championed by his predecessor, but it is not clear how the new government can find the right calculation for a budget that satisfies a majority of politicians angry over spending cuts. Bruno Retailleau stays on as interior minister, with responsibility for France’s security and migration policy. Sebastien Lecornu, who has been at the forefront of France’s military support for Ukraine, remains defence minister, while foreign minister Jean-Noel Barrot, who has travelled extensively in the Middle East in recent weeks, also retains his post. Among the new faces are two former prime ministers. Manuel Valls will be minister for overseas affairs, and Elisabeth Borne takes the education ministry.ANOKA, 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