MarineMax Sets Sail In Greece: Acquires Majority Interest In Charter Management Agency Atalanta Golden Yachts
Portfolio Pulse from Shivani Kumaresan
MarineMax Inc (NYSE:HZO) has announced that its subsidiary, Fraser Yachts, will acquire a controlling interest in Atalanta Golden Yachts, a Greece-based charter management agency. The acquisition, whose financial details were not disclosed, is expected to close by the end of December 2023 and be accretive in its first full year of operations. MarineMax's shares are trading higher by 0.76% at $31.75.
September 25, 2023 | 2:33 pm
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POSITIVE IMPACT
MarineMax's acquisition of Atalanta Golden Yachts is expected to expand its luxury yacht offerings and contribute to its growth. The news has led to a slight increase in the company's stock price.
The acquisition of Atalanta Golden Yachts by MarineMax is a strategic move that is expected to enhance its luxury yacht offerings and contribute to its growth. This news is directly related to MarineMax and is likely to have a positive impact on its stock price, as evidenced by the slight increase in the company's shares following the announcement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100