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Levin Capital Calls on the MarineMax Board to Immediately Announce a Review of Strategic Alternatives Following Recent Acquisition Offer

  • Levin Capital Strategies, a top 10 shareholder of MarineMax, Inc., is urging the Board of Directors to immediately review strategic alternatives.
  • The firm criticizes the Board for prior failures to capitalize on credible acquisition offers & demands engagement with The Donerail Group.
  • The Donerail Group submitted a fully financed, all-cash offer of $35 per share to MarineMax.
  • Levin Capital warns that further delays will lead to shareholders holding directors accountable at future annual meetings.
  • The firm has communicated its feedback directly to MarineMax leadership & remains willing to support a timely review of options.