Clarus Corporation, the parent company of Black Diamond and Gregory...

Clarus Corporation, the parent company of Black Diamond and Gregory Mountain Products, will formally change its name to Black Diamond Sports by the end of this month. Clarus has filed a shelf registration for the sale by some of its shareholders of 19 percent of the equity at a price that would value the company at $250 million instead a previous valuation at $172 million. Some shareholders have a lock-up agreement for 88.4 percent of the shares until May 28, 2012. Some of the proceeds for the planned sale would be used for strategic development and growth, partly through acquisitions.