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Former Attorney General of Louisiana Charles C. Foti, Jr., Esq., and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Marine Products Corporation (NYSE: MPX) to MasterCraft Boat Holdings, Inc. (NasdaqGM: MCFT).
Under the terms of the proposed transaction, shareholders of Marine Products will receive $2.43 in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products that they own. Upon closing, Marine Products shareholders are expected to own 33.5% of the combined company.
KSF is seeking to determine whether the consideration being offered and the process that led to the transaction are adequate, or whether the consideration undervalues Marine Products.
If investors believe the transaction undervalues the company and/or wish to discuss their legal rights regarding the proposed sale, KSF states that they can contact Managing Partner Lewis S. Kahn at lewis.kahn@ksfcounsel.com or toll free at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-mpx/.
KSF also notes that information about the firm is available at www.ksfcounsel.com.
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