Colombier Acquisition Corp. II is close to a merger agreement with online firearms retailer GrabAGun, Bloomberg reported on Sunday.
According to the reportthe possible transaction, which could be announced as early as Monday, values GrabAGun at $150 million, people familiar with the matter said.
Bloomberg said Dallas-based GrabAGun is profitable and said it had $100 million in revenue last year, citing people.
Neither Colombier nor GrabAGun immediately responded to Seeking Alpha's requests for comment.
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