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0 0 0 0 0 -0.0196416264645074 -0.0196416264645074 -1.22422938621657E-16
Stock impact report

Levin Capital Calls on the MarineMax Board to Immediately Announce a Review of Strategic Alternatives Following Recent Acquisition Offer

MarineMax, Inc. (FL) (HZO) 
Last marinemax, inc. (fl) earnings: 4/23 06:45 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Levin Capital Strategies (“Levin Capital” or the “Firm”), a top 10 shareholder of MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), today announced it is calling on the Company’s Board of Directors (the “Board”) to initiate an immediate review of strategic alternatives following its prior failures to capitalize on credible acquisition offers. Levin Capital believes the Board is obligated to rigorously explore all available paths to maximizing shareholder value, including by engaging with The Donerail Group (“Donerail”) following its recent submission of an all-cash offer.According to public disclosures, the $35 per share all-cash offer from Donerail is fully financed and represents a viable path forward, subject to customary due diligence. Levin Capital has consistently advocated for a value-maximization process at MarineMax, pre-dating the current interest. The Firm believes further delay on the part of the Board will force shareholders to hol Show less Read more
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