Clarus Corp

+0.44 (+1.92%)
Mergers / Acquisitions

Clarus To Acquire Rhino-Rack, Premier Aftermarket Automotive Roof Rack And Accessories Brand

Published: 06/01/2021 13:41 GMT
Clarus Corp (CLAR) - Clarus to Acquire Rhino-rack, Premier Aftermarket Automotive Roof Rack and Accessories Brand.
Clarus Corp - Deal for Aggregate Purchase Price of About $198 Million.
Clarus Corp - Rhino-rack Will Continue to Operate Independently As a Wholly-owned Indirect Subsidiary.
Clarus Corp - Purchase Consideration is Comprised of $150 Million Cash and About 2.3 Million Shares of Clarus.
Clarus Corp -rhino-rack Management Team Will Continue to Run Business From Headquarters in Sydney.