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”).
Jim Cramer Dismisses Bearish Market ‘Scares’ After Wednesday’s Rebound: ‘No Need To Pretend That The Sky Is Falling’
Jim Cramer, the host of CNBC's "Mad Money," has urged investors not to be alarmed by the recent market fluctuations, dismissing five bearish signals as part of the normal market cycle.
