MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, today issued the following statement in response to the recent public letter to shareholders from The Donerail Group, Inc.
“MarineMax maintains an active and ongoing dialogue with many of its shareholders, including Donerail. In fact, just a few weeks ago, Donerail itself affirmed in a private letter to our Board of Directors that Donerail has ‘engaged extensively with the management team and the [Board]’ and has ‘appreciated’ that engagement. Our engagement with Donerail has included in-person meetings, including a site visit to our Clearwater, Florida operations, and a meeting with the Independent Chairperson of the Board.
“Following Donerail’s recently announced unsolicited indication of interest to acquire the Company, the Company promptly responded to Donerail with customary questions aimed at facilitating the Board’s evaluation of Donerail’s interest, funding sources and execution certainty.
“The Board is committed to evaluating any credible proposal that has the potential to enhance value and, with the assistance of independent financial and legal advisors, will continue to carefully review Donerail’s Indication of Interest in good faith, consistent with its fiduciary duties.
HZO stock closed Monday at $29.71.
