Reuters reported on Monday, citing people familiar with the matter, that Donerail has offered $35 per share in cash for MarineMax.
Shares of MarineMax (HZO) rallied 8% on Tuesday on the heels of a report that Donerail Group has offered to buy the company in a deal valued at just over $1 billion.
Add Asianet Newsable as a Preferred Source
Reuters reported on Monday, citing people familiar with the matter, that Donerail has offered $35 per share in cash for MarineMax. This represents a premium of over 29% from the stock’s closing price on Friday.
Get updates to this developing story directly on Stocktwits.<