Special committee of clarus retains houlihan lokey as financial advisor

Salt lake city, oct. 05, 2023 (globe newswire) -- clarus corporation (nasdaq: clar) (“clarus” and/or the “company”), a global company focused on the outdoor and consumer enthusiast markets, today announced that in response to the previously disclosed non-binding indication of interest received from warren b. kanders, the company's executive chairman, to acquire the company's precision sport segment, the special committee of the company's board of directors, which is comprised of independent directors (the “special committee”), in accordance with its previously disclosed powers to engage financial advisors, has retained houlihan lokey as the special committee's exclusive financial advisor for the potential sale of the precision sport segment of the company. houlihan lokey will assist the committee in its evaluation of the transaction proposed by mr. kanders, and will, at the committee's request, assist in the solicitation of parties that have expressed an interest in, and other parties that may be interested in, acquiring the precision sport segment through a process intended to maximize the value to clarus' shareholders.
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