MarineMax gains after Island Capital Group's proposal to acquire its YMRS business
09/07/2024 23:32
** Shares of recreational boat retailer MarineMax HZO.N
rise 3.8% to $31.52 in extended trading
** Private equity firm Island Capital Group makes an open
proposal to acquire up to 100% interest in HZO's yachting and
marina related services (YMRS) business
** Island Capital adds it is willing to acquire less than
100% of YMRS, allowing HZO to retain partial ownership
** As of last close, HZO stock is down ~22% YTD
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))