Clarus Corp is selling it. Does not name the buyer.

Clarus Enters into Definitive Agreement to Sell Precision Sport Segment

SALT LAKE CITY, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (?Clarus? and/or the ?Company?), a global company focused on the outdoor and consumer enthusiast markets, today announced that it has entered into a definitive purchase and sale agreement (the ?Agreement?) to sell its Precision Sport segment, which is comprised of the Company?s Sierra Bullets, L.L.C. and Barnes Bullets ? Mona, LLC subsidiaries, to a U.S.-based non-strategic buyer that is not affiliated with the Company or any of its officers or members of its board of directors, in an all-cash transaction for $175 million at closing, subject to a customary working capital adjustment. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions, including the receipt of regulatory approvals.