Clarus Corp., the parent of Black Diamond, Sierra and Pieps, announced that the company is extending the expiration time of the company’s previously announced tender offer from 11:59 p.m., New York City time, Tuesday, June 5, 2018, to 11:59 p.m., New York City time, Friday, June 22, 2018, unless the offer is further extended.
The tender offer is for Clarus’ common stock, par value $0.0001 per share, as well as the preferred share purchase rights associated with such shares, for an aggregate cash purchase price of up to $7.2 million and at a per share price not greater than $7.20 nor less than $6.60, with the exact price to be determined through a “modified Dutch auction.” The Tender Offer consideration has not been modified.
As of market close on June 5, 2018, American Stock Transfer & Trust Company, LLC, the depositary for the offer, has advised that approximately 16,578 shares have been tendered and not withdrawn. Stockholders who have already tendered their shares do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer.
D.F. King & Co., Inc. is the information agent for the Tender Offer and stockholders seeking additional information about the Tender Offer and process should call or email them at (888) 414-5566 (toll free) or clarus@dfking.com.
