Clarus confirms receipt of non-binding indication of interest regarding precision sport segment

Salt lake city, sept. 19, 2023 (globe newswire) -- clarus corporation (nasdaq: clar) (“clarus” and/or the “company”), a global company focused on the outdoor and consumer enthusiast markets, today confirmed the receipt of a non-binding indication of interest from warren b. kanders to acquire the company's precision sport segment, which is comprised of the company's sierra bullets, l.l.c. and barnes bullets – mona, llc subsidiaries, through an affiliated entity (the “buyer”), for approximately $160 million on a cash-free, debt-free basis (the “buyer's proposal”), the terms of which are more fully set forth in the complete text of the buyer's proposal, included as exhibit 1 to mr. kanders' statement of beneficial ownership on schedule 13d/a as publicly filed on september 18, 2023 with the u.s. securities and exchange commission. mr. kanders is the company's executive chairman of the board of directors (the “board”).
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