Clarus Corporation Receives $160M Offer from Executive Chairman Warren B. Kanders for Precision Sport Segment
Portfolio Pulse from Benzinga Newsdesk
Clarus Corporation (NASDAQ:CLAR) has received a non-binding offer of $160 million from its Executive Chairman, Warren B. Kanders, to acquire its Precision Sport segment, which includes Sierra Bullets and Barnes Bullets subsidiaries. The offer is on a cash-free, debt-free basis.
September 19, 2023 | 12:05 pm
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Clarus Corporation has received a $160 million acquisition offer for its Precision Sport segment from its Executive Chairman. This could potentially lead to changes in the company's structure and financials.
The acquisition offer for a significant segment of Clarus Corporation from its Executive Chairman could lead to changes in the company's structure and financials. This could potentially impact the company's stock price positively in the short term as it indicates a strong interest in the company's assets.
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