MarineMax Shares Rally On Reported Buyout Offer: Here Are The Details

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.

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. 

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