Clarus Corporation Buyback
OLI recorded this information on 5/7/2018
Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company") today announced its plan to launch a modified Dutch auction tender offer ("Tender Offer") to purchase up to $7,200,000 of shares of its common stock, par value $0.0001 per share (the "Shares") at a purchase price not greater than $7.20 nor less than $6.60 per share (the "Purchase Price"). On May 7, 2018, the closing price of Clarus' common stock was $7.10 per share. The Tender Offer is expected to commence tomorrow, May 8, 2018, and to expire at 11:59 p.m., New York City Time, on June 5, 2018, unless the offer is extended.
Clarus is a designer, developer, manufacturer and distributor of outdoor equipment and lifestyle products focused on the outdoor and consumer enthusiast markets. Co. operates its business structure within three segments: Outdoor, which is engaged in designing, manufacturing, and marketing outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a range of other year-round outdoor recreation activities; Precision Sport, which manufactures a range of bullets and ammunition for both rifles and pistols; and Adventure, which manufactures automotive roof racks, trays, mounting systems, luggage boxes, carriers and accessories.
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Strong Buy (3.87 out of 4)