Brunswick Corp. to sell MarineMax stock
CLEARWATER, Fla. – BCMM Holdings, Inc., a wholly owned subsidiary of Brunswick Corp., will sell 1,861,200 shares of MarineMax common stock, the recreational boating retailer said in a release Wednesday.
MarineMax said it would sell 1,000,000 shares of its common stock. MarineMax will grant the underwriters an option to purchase up to 429,000 additional shares to cover over-allotments, if any.
Brunswick Corp. is the largest supplier of recreational boats and yachts to MarineMax.
J.P. Morgan Securities Inc. and Raymond James & Associates, Inc. will act as joint book-running managers for the offering. The shares are being offered pursuant to a shelf registration statement that has been declared effective by the Securities and Exchange Commission. A prospectus supplement relating to the shares has been filed with the Securities and Exchange Commission.
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