Brief: Clarus To Acquire Rhino-Rack, Premier Aftermarket Automotive Roof Rack And Accessories Brand

Clarus

01/06/2021 14:33

June 1 (Reuters) - Clarus Corp  CLAR.O :
    * CLARUS TO ACQUIRE RHINO-RACK, PREMIER AFTERMARKET
AUTOMOTIVE
ROOF RACK AND ACCESSORIES BRAND
    * CLARUS CORP - DEAL FOR AGGREGATE PURCHASE PRICE OF ABOUT
$198
MILLION
    * CLARUS CORP - RHINO-RACK WILL CONTINUE TO OPERATE
INDEPENDENTLY
AS A WHOLLY-OWNED INDIRECT SUBSIDIARY
    * CLARUS CORP - PURCHASE CONSIDERATION IS COMPRISED OF $150
MILLION CASH AND ABOUT 2.3 MILLION SHARES OF CLARUS
    * CLARUS CORP -RHINO-RACK MANAGEMENT TEAM WILL CONTINUE TO
RUN
BUSINESS FROM HEADQUARTERS IN SYDNEY

Source text for Eikon:  ID:nGNX12P9r 
Further company coverage:  CLAR.O 

 ((Reuters.Briefs@thomsonreuters.com;))