Mastercraft Boat: Jumps as activist investor Donerail pushes firm to explore sale

Mastercraft Boat Holdings

27/10/2020 15:07

** Powerboat maker's shares  MCFT.O  up 9.2% at $21.12
    ** Activist investor Donerail Group pushes Mastercraft to
explore a sale, according to people familiar with the matter
 urn:newsml:reuters.com:*:nL8N2HI07S
    ** Donerail has amassed a stake of a little less than 5% in
MCFT; Has told the company that it is not happy with its
performance - sources 
    ** Brunswick Corp  BC.N  and Malibu Boats, as well as PE
firms could be buyers of MCFT - sources 
    ** Donerail belongs to William Wyatt, who is a former
executive at activist hedge fund Starboard Value LP  
    ** Among 5 analysts that cover MCFT, 3 have "strong buy" or
"buy" rating, 2 "hold"; Median PT $22 - Refinitiv Eikon
    ** MCFT's shares up 34.1% for the year, including session
moves, helped by consumers turning to boats as a safer way to
vacation during the COVID-19 pandemic

 (Reporting by Aaron Saldanha)
 ((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))