Clarus Corp: Hits record high on buying auto parts maker Rhino-Rack
01/06/2021 16:01
** Shares of outdoor equipment maker Clarus Corp CLAR.O
rise 5.5% to a record high of $25.0
** Co says it will buy Australia-based automobile
accessories maker Rhino-Rack Pty Ltd for $198 mln in cash and
stock; Rhino-Rack makes outdoor-oriented accessories for
vehicles urn:newsml:reuters.com:*:nGNX12P9r
** CLAR says deal will immediately add to its earnings upon
close
** Stock up 53.8% YTD, benefiting from pent-up demand as
more states relax COVID-19 lockdown measures
(Reporting by Ambar Warrick in Bengaluru)
((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net;
Twitter: @AmbarWarrick))