Clarus receives $160M non-binding offer from Exec Chairman to buy Precision Sport segment

Clarus Corp

Warren B. Kanders offers $160M (cash-free, debt-free) to acquire Precision Sport segment via affiliated entity.
Board forms Special Committee of independent directors to review Buyer's Proposal and any alternatives.
Keith Enlow, Precision Sport President, resigns effective Sept 29, 2023; CFO Michael Yates interim President.
No definitive agreement yet; company and Special Committee will not comment further unless appropriate.

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