MasterCraft Boat Holdings (MCFT) closed on its acquisition of Marine Products Corporation (MPX) on Friday. Per the terms of the deal, Marine Products (MPX) shareholders received $2.43 per share in ...

A number of stocks fell in the morning session after the latest Consumer Price Index (CPI) report revealed that inflation accelerated to a 3.8% annual rate in April, the fastest pace since 2023.

MasterCraft is acquiring Marine Products at a low 7.2 EV/EBITDA multiple, much lower than the company’s own 9.3 forward EV/EBITDA. Conversely, MPX shareholders are receiving a relatively low share of ...