Jump to content

 

Welcome to TheMalibuCrew!

As a guest, you are welcome to poke around and view the majority of the content that we have to offer, but in order to post, search, contact members, and get full use out of the website you will need to Register for an Account. It's free and it's easy, so don't hesitate to join the TheMalibuCrew Family today!

Sign in to follow this  
footndale

Malibu Boats, Inc. Announces Pricing of Secondary Public Offering of 3,475,005

Recommended Posts

footndale

http://www.marketwatch.com/story/malibu-boats-inc-announces-pricing-of-secondary-public-offering-of-3475005-shares-by-selling-stockholders-2015-05-20

LOUDON, Tenn., May 20, 2015 (GLOBE NEWSWIRE via COMTEX) --

Malibu Boats, Inc. MBUU, +0.48% ("Malibu Boats" or the "Company"), a leading designer, manufacturer and marketer of performance sport boats, today announced the pricing of the secondary offering of 3,475,005 shares of the Company's Class A Common Stock by certain selling stockholders ()Selling Stockholders") at a price to the public of $20.00 per share. The offering is expected to close on or about May 27, 2015, subject to customary conditions.

Edited by footndale

Share this post


Link to post
Share on other sites
oldjeep

Time for the venture guys to get their money back out and move on to the next project I guess.

Share this post


Link to post
Share on other sites
Sride

Time for the venture guys to get their money back out and move on to the next project I guess.

Was thinking the same thing. $60MM in additional capital....sheesh. I don't even think Nautique spent $10M on factory upgrade plans.

From Q: "Represents legal and advisory fees related to our litigation with Pacific Coast Marine Windshield Ltd., or "PCMW", and Nautique Boat Company, offset by the portion of the $2.3 million settlement received from Nautique for past infringement claims under the Nautique Settlement Agreement entered into on February 6, 2015."

Only a 2.3MM IP settlement? Talk about getting punched in the face.

Edited by Sride

Share this post


Link to post
Share on other sites
MTT77

Time for the venture guys to get their money back out and move on to the next project I guess.

Yup, assuming they exercised the green shoe, this completely cleans up the private equity guys. No more secondary offerings coming down the pipe.

Share this post


Link to post
Share on other sites
IXFE

Yeah, didn't Bu pay $20m on the windshield settlement? Then they turn around and accept $2.3M on the Surf Gate settlement?

Sounds like it's time for a new legal team.

Share this post


Link to post
Share on other sites
wakebrdr94

Yeah, didn't Bu pay $20m on the windshield settlement? Then they turn around and accept $2.3M on the Surf Gate settlement?

Sounds like it's time for a new legal team.

I would think that in settlement with royalties on all future sales. Probably opened the door to go after the other guys for royalties as well.

Just guessing though

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...