Lazydays Holdings jumps on $25 buyout offer by shareholder

Lazydays Holdings

11/03/2022 13:08

** Shares of recreational vehicles dealer Lazydays  LAZY.O 
up ~20% at $21.40 premarket after take-private offer by a top
holder
    ** B Riley Financial  RILY.O  in securities filing https://www.sec.gov/Archives/edgar/data/1721741/000121390022011610/ea156699ex99-2_lazydayshold.htm
 late Thurs disclosed it sent letter this week saying it would
buy LAZY for $25/sh in cash
    ** Offer price represents ~40% premium to LAZY's last close
    ** B Riley is #4 LAZY investor (per Refinitiv) with ~1.1 mln
shares, which represents ~9% of co's ~11.83 mln shares
outstanding
    ** Before the bell Thurs, LAZY reported Q4 rev increased 64%
yr/yr to $322.5 mln  urn:newsml:reuters.com:*:nASA03414  urn:newsml:reuters.com:*:nPn94qsTna
    ** Truist Securities on Fri raised its PT by $4 to $24
    ** Shares down 17% YTD and are off roughly 30% from record
high hit last Apr

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))