The Donerail Group, a merchant bank, confirmed on Tuesday that it has submitted a non-binding indicative proposal to buy MarineMax, Inc. (HZO), a recreational boat dealer, for $35 per share in cash.
The proposal implies a total transaction value of around $1.1 billion, excluding floor plan financing, and represents a 38% premium over HZO's 60-day volume-weighted average price of $25.45.
Donerail is currently one of HZO's largest shareholders and beneficially owns over 4% of the outstanding shares.
Jefferies LLC is acting as financial advisor to Donerail, while Olshan Frome Wolosky LLP is serving as legal counsel.
HZO was up by 1.06% at $30.40 in the pre-market trade on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.