Clarus Announces Terms for Modified Dutch Auction Tender Offer
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Clarus (CLAR) to Launch $7.2M Modified Dutch Auction Tender Offer
May 7, 2018 4:32 PM EDTClarus Corporation (NASDAQ: CLAR) (Clarus and/or the Company) today announced its plan to launch a modified Dutch auction tender offer (Tender Offer) to purchase up to $7,200,000 of shares of its common stock, par value $0.0001 per share (the Shares) at a purchase price not greater than $7.20 nor less than $6.60 per share (the Purchase Price). On May 7, 2018, the closing price of Clarus common stock was $7.10 per share. The Tender Offer is expected to commence tomorrow, May 8, 2018, and to expire at 11:59 p.m., New York City Time, on June 5, 2018, unless the offer is extended.
A modified Dutch auction tender... More
