West Marine sold to investment firm

Published on June 29th, 2017

West Marine and Monomoy Capital Partners, a New York-based private equity fund, announced they have executed a definitive merger agreement under which a wholly owned affiliate of Monomoy will acquire all of the outstanding shares of common stock of West Marine at $12.97 per share in cash, which represents a total equity value of $338 million. This price represents a premium of 32% over the 30-day average performance of West Marine’s stock price reported on NASDAQ. Full report.

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