Earlier this summer, West Marine announced that it will now be privately held, due to a merger agreement with Monomoy Capital Partners, a New York-based private-equity firm. Under the agreement, Monomoy will acquire all of the outstanding shares of West Marine common stocks at $12.97 per share in cash.
“In addition to providing our stockholders with a significant premium to the current share price, this transaction ensures that West Marine can continue to offer outstanding value to our customers who recreate on the water and provide a rewarding workplace for our associates,” says West Marine President and CEO Matt Hyde.
