Brief: Warren B. Kanders On Sept 15 Delivered Non-Binding Indication Of Interest For Acquisition Of Precision Sports Business Conducted By Clarus Corp

Clarus

18/09/2023 12:42

Sept 18 (Reuters) - WARREN B. KANDERS:
    * WARREN B. KANDERS: ON SEPT 15 DELIVERED NON-BINDING
INDICATION
OF INTEREST FOR ACQUISITION OF PRECISION SPORTS BUSINESS
CONDUCTED BY CLARUS CORP
    * WARREN B. KANDERS: PROPOSING TO BUY PRECISION SPORTS
BUSINESS
VIA AFFILIATE OF KANDERS GMP FOR ABOUT $160 MILLION ON A
CASH-FREE, DEBT-FREE BASIS
    * WARREN B. KANDERS: PROPOSED DEAL WOULD BE FUNDED THROUGH A
COMBINATION OF CASH AND NEW DEBT FINANCING
    * WARREN B. KANDERS: AS OF SEPT 15, EITHER DIRECTLY, OR
THROUGH
AFFILIATE KANDERS GMP AND OTHER AFFILIATES, WARREN B. KANDERS
OWNS 15.4% OF CLARUS CORP


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